Shares of Neutron Holdings are set to begin trading Wednesday after the initial public offering from the provider of short-term electric-bike and scooter rentals that does business as Lime was priced at the middle of expectations, raising about $167 million.
Lime late Tuesday said it is selling about 6.68 million shares at $25 each, compared with an expected price range of $24 to $26.
The pricing gives the San Francisco company an initial market capitalization of about $1.63 billion, assuming the underwriters exercise an option to buy an additional 1.04 million shares.
Current Lime investors are selling another 276,731 shares in the offering, bringing the size of the IPO to nearly 6.96 million shares.
Lime has a partnership with Uber, which held a 24.4% stake in the company before the IPO and had indicated an interest in buying up to $20 million worth of stock in the offering.
Lime shares are due to begin trading later Wednesday on the Nasdaq Global Select Market under the symbol LIME.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
July 01, 2026 06:05 ET (10:05 GMT)
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