Lime files for IPO amid financial challenges

Electric scooter and bike rental company Lime has officially filed for an initial public offering, a move long anticipated by the industry. Despite revenue growth and narrowing net losses, the company faces significant financial headwinds, with approximately $846 million in liabilities due within the next twelve months. Lime explicitly states in its S-1 filing that failure to raise capital through the IPO or renegotiate debt could jeopardize its operational continuity. The company also highlighted risks related to city infrastructure, such as potholes, and market concentration, with the UK alone accounting for over 22% of its 2025 revenue.