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Lime, Backed by Uber, Eyes a U.S. IPO at a Valuation of Up to $1.66 Billion, Report Says
The Apex Times

THE APEX TIMES

Business/The Apex Times/Jun 27, 3:02 PM EDT

Lime, Backed by Uber, Eyes a U.S. IPO at a Valuation of Up to $1.66 Billion, Report Says

A Lime-led initial public offering would value the e-scooter and e-bike operator at as much as $1.66 billion, according to a Reuters report carried by Yahoo Finance.

By The Apex Times Newsroom2 min readAI-assisted Apex article

Lime, the shared micromobility company known for electric scooters and e-bikes, is seeking a valuation of up to $1.66 billion in a proposed U.S. initial public offering, a Reuters report said on June 22 and was later republished by Yahoo Finance on June 27.

The report describes Lime as being backed by Uber Technologies, with Uber’s involvement framed as part of Lime’s ownership structure as it approaches the public markets. Uber is listed on the New York Stock Exchange under the ticker UBER.

Details on the size of the offering, the expected IPO timeline, and the specific listing terms were not provided in the posted report text available for this story. The same is true for any information about underwriters or planned use of proceeds.

In the micromobility industry, valuations during an IPO process often hinge on how investors assess vehicle utilization, unit economics per ride, regulatory outcomes in major cities, and the durability of demand after initial rollout waves. Those points are part of the normal due-diligence backdrop, but the Reuters story as presented here does not include Lime-specific performance metrics.

For Uber, support of an IPO would be consistent with its broader interest in transportation ecosystems beyond ride-hailing. Uber’s core business is centered on matching riders with drivers, but the company has also explored adjacent mobility services. In this case, Lime’s potential public debut would be another milestone in that expansion theme.

Market investors will likely focus on what portion of Lime’s growth comes from recurring consumer demand versus subsidy-driven adoption, and whether the company can manage costs across fleet operations, maintenance, and city-level compliance. However, the June 22 report text available here does not detail Lime’s cost structure or revenue trends.

A key caveat is that the posted item summarizes what Lime is seeking in valuation terms, without laying out additional IPO mechanics or forward-looking financial guidance. As a result, it remains unclear from the available information how the valuation range was derived, how much of Lime’s business would be reflected in the public listing, and what risks Lime has highlighted to potential investors.

Why It Matters

  • If Lime proceeds, the IPO would be a fresh test of how public markets value shared micromobility companies.
  • Uber’s backing of Lime adds to the competitive landscape of mobility platforms seeking exposure to last-mile transportation demand.
  • The valuation headline will likely draw attention to whether investors are willing to underwrite scooter and e-bike businesses that face regulatory and operational constraints.
  • Missing deal details such as the offering size and financial disclosures will be important for assessing how credible the valuation is relative to fundamentals.

Sources

Key Facts

  • Lime is reported to be seeking a valuation of up to $1.66 billion for a proposed U.S. IPO.
  • The valuation figure was reported by Reuters on June 22 and republished by Yahoo Finance on June 27.
  • The report frames Lime as being backed by Uber Technologies, Inc. (UBER).
  • The available post does not disclose the offering size, timing, underwriters, or use of proceeds.

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The Apex Times
Lime, Backed by Uber, Eyes a U.S. IPO at a Valuation of Up to $1.66 Billion, Report Says | The Apex Times