Lime, officially known as Neutron Holdings, has filed for an initial public offering (IPO) with the U.S. Securities and Exchange Commission (SEC). The micromobility company, which offers electric scooters and bicycles for short-term rentals, reported revenues of $521 million in 2023, with projections of $686.6 million for 2024 and $886.7 million for 2025. Founded in 2017, Lime has quickly expanded its operations to about 230 cities across 29 countries and has surpassed one billion trips. However, the company faces significant financial challenges, having recorded net losses of $59.3 million in 2025 and an additional $61.3 million in losses during the first quarter of 2026. The IPO filing raises concerns about Lime's ability to achieve and maintain profitability, especially as competitors like Bird have struggled, leading to bankruptcy after going public. Investors are cautioned about the risks associated with Lime's financial history as they consider purchasing common stock.