02:53 PM EDT, 06/24/2025 (MT Newswires) -- Uber Technologies ( UBER ) -backed electric bike startup Lime has hired major banks in preparation for an initial public offering in the US, Reuters reported Tuesday, citing people familiar with the matter.

Lime is looking to debut on the bourse next year and has retained Goldman Sachs ( GS ) and JPMorgan Chase ( JPM ) to help with the potential listing, according to the report.

The IPO is likely to value Lime more than the estimated valuation of $510 million in 2020, Reuters reported, citing an unnamed source.

Lime, Goldman and JPMorgan ( JPM ) did not immediately respond to requests for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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