Nov 5, 2022 — Micromobility startup Lime has raised $523 million of convertible debt and term loan financing as it prepares to go public next year in 2022, the company announced.
| Industry | Founded | Based (HQ) | Valuation |
|---|---|---|---|
| Shared mobility | 2017 | San Francisco, CA, US | $ 2.4B |
Here’s what you need to know:
- What is an IPO?
- What is Lime?
- How to buy Lime IPO stock? – detailed instructions.
- Lime IPO details – Lime IPO date, price etc.
- What brokers provide access to the Lime IPO?
What is an IPO?
When a private company or a startup first sells its shares to the general public, this process is known as an Initial Public Offering (IPO). An IPO means that a company's ownership is transferred from private ownership to public ownership. That is why the IPO process is called "going public".
Why go public? The primary benefit of going public is easier access to capital, but there are more reasons for that. If you want to learn more - here we answered frequently asked questions about IPOs in simple terms.
What is Lime?
Lime is a provider of a micro-mobility platform which distributes shared scooters, bikes and transit vehicles for short distance transportation. It offers an application to find a nearby bike in cities and campuses, scan and unlock, then park and lock the bike. The company's goal is to improve mobility in cities and campuses by empowering residents with cleaner, more efficient and affordable transportation options that improve urban sustainability.
Business Details and Financials Before Lime IPO
Neutron Holdings Inc (company name that operates Lime) - has launched operations in 80 new cities this year, bringing its global total to more than 200.
In April 2020, Lime is reported to have acquired assets of electric skateboard startup Boosted.
Lime acquired the Jump e-bike and scooter business from Uber in May 2020, along with a $170 million funding round led by Uber, with Bain Capital Ventures and GV participating. The deal valued Lime at $510 million, down 79% from its $2.4 billion valuation in April 2019. At the same time, Brad Bao stepped down as CEO, replaced by Wayne Ting.
In November 2020, Lime reported the first profitable quarter and predicts 2021 full-year profitability.
In April 2021, Lime is listed as one of the 2021 Time100 Most Influential Companies by Time Magazine.
Lime Prospectus SEC S-1 form
Lime Prospectus S-1 form will be published here when available. Stay tuned!
Details From Lime’s S-1 Filing
Details from Lime's S-1 will be published here when available. Stay tuned!
Lime Competitors
Lime's top competitors include Scoot Networks, Ninebot, Mobike, Spin, Ofo, oBike, Hello TransTech, Bird, CycleHop, Skip Scooters and Neuron Mobility.e
Is Lime Stock Publicly Traded?
Lime is a privately owned company before the IPO is completed. It belongs to founders, early investors (venture capital firms), and some employees.
But when the status changes to Completed in the calendar here, the company will become public.
Lime's Key People
- Brad Bao – Co-Founder and Chairman
- Wayne Ting – CEO
- Toby Sun – Co-Founder, Board advisor
- Andrew Savage – VP, Head of Sustainability
- Melissa Carson – Director, Global HR & Recruiting
Lime pre-IPO Investors
Lime's top pre-IPO investors include GGV Capital, Fidelity Ventures, Meritech Capital Partners, Andreessen Horowitz, Bain Capital Ventures, Coatue Management, Atomico, IDG Ventures, Franklin Templeton Investments, DCM Ventures, Ed Baker, Gang Wang, Fidelity Management and Research Company, GV, IVP (Institutional Venture Partners), Fifth Wall, Seven Seas Partners, Green Bay Ventures, UpHonest Capital, Basis Set Ventures, Section 32, Uber, Ding Zhou, NGP Capital, Alphabet, Rainbow Technologies, DHVC, IMO Ventures, Chiratae Ventures, Triton Funds LLC, Thirty Five Ventures, SchindlerAM Ventures, Moving Capital, GIC Private Limited
Lime's latest funding round in May 2020 was reported to be $170 m. In total, Lime has raised $935 m. Lime's latest valuation is reported to be $225 m.
How to Participate in Lime IPO Before Shares Hit the Public Market
In the past, Initial Public Offerings as a profitable investment type were only available to big funds or elite customers of major brokerage firms or banks and it was hard (almost impossible) for retail investors to gain access to IPOs. You couldn't buy shares paying the price set by the company and you had to wait until the shares actually start trading on the public stock market.
Luckily, technologies and marketplaces changed the rules of the game, now average investors can participate in IPOs. Brokers adjusted accordingly, making access to IPOs more affordable now.
Step-by-Step Guide How to Buy Lime IPO Stock at Its Offer Price
- Check the Lime IPO details. Always Do Your Own Research (DYOR) for the company that is going for IPO first.
- Find a broker. You need a broker that can provide you access to the IPO. You can use our tool attached below that helps to match investors with available IPO brokers in your area. Just click "FIND IPO BROKERS" button below to see brokers that offer access to Lime IPO.
- Check eligibility criteria. Each broker has its own eligibility criteria, like account minimum which can vary widely.
- Create trading account. For KYC you need to prepare your identity document (valid passport or driving license) and a document confirming the address of residence (utility bill). Note, this procedure may take 1-3 days as it's better to prepare your account in advance.
- Deposit your account. To participate in an IPO, your account must have available funds in the amount you send IPO application for. Note, this procedure may take 1-3 days as it's better to prepare your account in advance.
- Request Lime shares. Assuming you meet the requirements for participating in this IPO, your next step will be to request a certain number of shares in the IPO. Note, you may not be allocated all the IPO shares you offer to buy.
- Wait for allocation. The actual number of stocks purchased during an IPO depends on supply and demand. The higher underwriter reserves the right to partial execution of collective applications. So if the demand is high you may get less than you applied for. Of course, you will only pay for the shares purchased. The rest of the funds will be returned to your account.
Note: Many IPO purchases come with a lock-up period, usually 90 or 180 days. You will not be able to sell your shares until this period expires.
What Brokers Offer Access to Lime IPO?
Just click the button below to check the list of available IPO brokers that can provide access to Lime IPO.
How to Invest After Lime IPO at Its Opening Price
The most conservative way to buy Lime stock would be to wait for the IPO and buy the shares on the public stock market. You can do this through the same brokers that provide access to IPOs or a trading app. Most of them have a stock trading functionality. Though, you won’t get in at the low price offered by pre-IPO.
How is Lime going public?
Lime announced it will go public via a traditional initial public offering, or IPO. No SPACs here.
Lime IPO Underwriters
Lime IPO underwriters list will be published here when the information is available. Stay tuned!
When will be the Lime IPO date?
Lime IPO date will be published here when the information is available. Stay tuned!
What will be the Lime IPO price?
Lime IPO price range will be published here when the information is available. Stay tuned!
How many Lime shares will be available for its IPO?
Lime's number of shares will be published here when the information is available Stay tuned!
What stock exchange will Lime trade on?
Lime will be traded on - the stock exchange will be published here when the information is available. Stay tuned!
What Is the Lime Stock Ticker Symbol?
Lime stock ticker symbol will be published here when the information is available. Stay tuned!
