Uber-backed Lime prices U.S. IPO at $25 per share, Bloomberg reports

Lime, the Uber-backed company, has priced its U.S. initial public offering at $25 per share, according to Bloomberg News, which cited a person familiar with the matter.

The $25 offer price is described as the midpoint of the marketed range, a positioning that typically indicates a compromise between investor demand and issuer expectations for valuation.

The deal is being framed as a U.S. IPO, with pricing reported on Tuesday. Lime’s market debut timing and the size of the offering were not detailed in the account provided.

Lime also did not immediately provide additional information in the report, leaving investors and analysts to wait for standard post-pricing disclosures that can include the final number of shares sold and total gross proceeds.

For Uber, the IPO represents a high-visibility step in converting a strategic investment into a more liquid capital structure. Whether the IPO changes Uber’s exposure to the underlying business depends on how much of its stake is retained versus sold by existing shareholders.

For the broader market, an IPO priced at the midpoint can be read as a announcement of moderate appetite among buyers, particularly when companies choose not to price at the top of their range. The midpoint setting can also reflect the balance of valuation discipline and the need to reach sufficient participation.

Still, key questions remain unanswered in the report as quoted by Yahoo Finance, including the final offer size, whether any overallotment option (a common mechanism that allows underwriters to buy additional shares) was exercised, and the detailed use of proceeds.

Investors will likely focus next on the first-day trading range, the underwriters’ allocations, and any filings or investor materials that clarify the final terms of the IPO and the extent to which Lime’s capitalization will change after pricing.