The offering comprises approximately 6.68 million primary shares, with existing investors offloading an additional 276,731 shares to bring the total to nearly 6.96 million. Should underwriters exercise their option for 1.04 million extra shares, total net proceeds could reach $165.8 million. At the $25 midpoint, the company projects a total market capitalization of approximately $1.63 billion, based on 65.1 million outstanding shares.

Strategic partner Uber, which maintains a 24.4% stake in the business, signaled its intent to acquire up to $20 million of the IPO stock. This investment follows a long-standing partnership that integrates Lime’s electric bikes and scooters into the Uber app across nearly all shared markets. Following the listing, the company will finalize its transition into the public markets as a standalone entity despite the deep operational integration with its largest shareholder.