Lime Files for Nasdaq IPO Led by Morgan Stanley and Goldman Sachs Despite Q1 Loss

Lime, backed by Uber (UBER), operates electric bike and scooter rentals in over 100 cities worldwide. Its S‑1 filing shows the firm generated $170 million in revenue during the first quarter of 2026 while expenses exceeded that figure, resulting in an operating loss. Micromobility firms often face high upfront costs for fleet acquisition and maintenance, which can weigh on early profitability.

Morgan Stanley (MS) holds a market capitalization of roughly $180 billion, and Goldman Sachs (GS) sits near $150 billion. Both banks are guiding the IPO process, which will determine the share price range and the number of LIME shares offered. The Nasdaq Composite was flat to slightly up in recent sessions, providing a stable backdrop for new listings.

The IPO will test investor appetite for money‑losing mobility startups and could set a pricing benchmark for peers. SuRo Capital (SSSS) holds about a 1.1 % stake in Lime, which may translate into additional proceeds once shares begin trading. Market watchers will also note how the underwriters allocate shares to institutional versus retail investors.

What to watch next: the proposed price range, the timing of the roadshow, and Lime’s first‑day trading performance relative to its IPO price.