Lime finally goes public after a long wait: $167M and a stress test

Lime has completed its IPO and raised $167 million.

The company sold 6.68 million shares at $25 each, implying a valuation of about $1.66 billion.

For Lime, this is not only a growth story but also a test of resilience: in its filing, the company flagged substantial doubt about its ability to continue as a going concern and the need to address roughly $1 billion in obligations.

At the same time, Lime is scaling: revenue is growing, and the service now operates in 230 cities across 29 countries. However, reliance on Uber and pressure in micromobility remain meaningful risks.

Why it matters: strong growth still requires timely capital and disciplined financial control.

How do you assess the outlook for public micromobility companies?

#IPO #Lime #micromobility #transport