Neutron Holdings, Inc. (Lime), the largest global shared micromobility business, has closed its initial public offering of 6,956,522 shares of its common stock, 6,679,791 shares of which were offered by Lime and 276,731 shares of which were offered by certain existing stockholders (the selling stockholders), at an initial public offering price of US$25.00 per share. Lime granted the underwriters a 30-day option to purchase up to an additional 1,043,478 shares of common stock at the initial public offering price, less any underwriting discounts and commissions. Lime did not receive any proceeds from any sale of shares by the selling stockholders. The shares began trading on the Nasdaq Global Select Market under the ticker symbol LIME on July 1, 2026.
Latham & Watkins LLP represented Lime in the offering with a Capital Markets team led by partners Tad Freese and Sarah Axtell, with associates Annie Kim, Kathleen Mehary, Rachel Staub, Jenny Li, Ana Carolina Andrade, and Bridget Carmody. Advice was also provided on executive compensation, employment, and benefits matters by partner Ashley Wagner, with associate Jennifer Lin; on tax matters by partner Grace Lee, with associate Dennis Poehland; on data and technology transactions matters by partner Michelle Gross; on IP matters by associate Ryan Sanders; on data privacy and cybersecurity matters by associate Eric Gonzalez; on finance matters by partner Dan Van Fleet, with associate Hyunji Lee; and on ESG matters by partner Betty Huber.
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