Reuters: IPOX® Associate Lukas Muehlbauer Comments on Lime’s Nasdaq Debut and IPO Market Reception

Reuters reported that Uber-backed Lime rose 8% in its Nasdaq debut on Wednesday, opening at $27 per share versus its $25 IPO price and valuing the e-scooter and bike operator at approximately $1.73 billion. The article noted that Lime’s listing comes amid renewed investor interest in new issuers, as the U.S. IPO market has gathered pace in 2026.

IPOX® Associate Lukas Muehlbauer was quoted in the article, providing market context on investor demand and the measured reception to Lime’s debut. Reuters also highlighted Lime’s operating challenges, including high costs, regulatory hurdles, seasonality, and the company’s reliance on its partnership with Uber.

“Pricing at the midpoint and opening above issue suggests there was sufficient investor demand to support the deal, but the reception looks measured rather than euphoric,” Muehlbauer said.

“To keep the momentum, Lime needs to prove that it can grow through different seasons and market cycles without simply adding more vehicles and capex,” Muehlbauer added.

Read the full article by Utkarsh Shetti on Reuters: Uber-backed Lime rides IPO wave to $1.73 billion valuation in Nasdaq debut