Lime Targets $1.66 Billion Valuation in IPO with Uber as Anchor Investor

Key Facts

In a move signaling renewed momentum for tech listings, Lime is seeking a valuation of up to $1.66 billion for its upcoming U.S. initial public offering. According to reports, Lime plans to name Uber as an anchor investor in the listing. This strategic backing aims to provide institutional stability to the IPO and underscores Uber's commitment to the micromobility sector, which remains a key component of its multi-modal transport strategy.

The $1.66 billion valuation target arrives as the micromobility industry pivots toward profitability, highlighted by Lime's 2023 adjusted EBITDA of $90 million, a 500% year-over-year surge per company filings. Uber's decision to anchor the deal aligns with its broader strategy of owning stakes in complementary mobility assets, maintaining its competitive edge over rivals like Lyft by dominating the integrated transport ecosystem per market data.

Uber's stock (UBER) was priced at $71.64 at close June 18, 2026, with traders monitoring support near the recent low of $70.78. Looking ahead, the market will focus on Brazil's Consumer Confidence data on June 22, 2026, which serves as a vital proxy for demand in one of Uber's most significant high-growth international markets.