Latham & Watkins LLP has advised Lime, the world’s largest shared micromobility operator, on its initial public offering on the Nasdaq Global Select Market, a listing sized at approximately US$174 million in total.
Neutron Holdings, Inc., trading as Lime, sold 6,679,791 shares in the offering, while certain existing stockholders offered a further 276,731 shares; the combined offering was priced at US$25.00 per share. Lime did not receive any proceeds from the shares sold by the selling stockholders.
The underwriters were granted a 30-day option to acquire up to an additional 1,043,478 shares at the same price, less applicable discounts and commissions. Trading in Lime’s stock began on July 1, 2026, under the ticker symbol LIME.
The Latham & Watkins capital markets team was led by partners Tad Freese and Sarah Axtell, supported by associates Annie Kim, Kathleen Mehary, Rachel Staub, Jenny Li, Ana Carolina Andrade and Bridget Carmody.
The firm deployed specialists across several practice groups to complete the transaction, including partner Ashley Wagner on executive compensation, employment and benefits matters, partner Grace Lee on tax questions, partner Michelle Gross on data and technology transactions, partner Dan Van Fleet on finance matters, and partner Betty Huber on ESG considerations, alongside associates handling intellectual property and data privacy and cybersecurity issues.
The mandate shows how much resourcing a mid-sized technology listing now demands. A single offering drew on capital markets, tax, employment, intellectual property, data privacy, finance and ESG expertise within one firm, underscoring how public offerings by consumer technology companies increasingly require coordinated advice across disciplines rather than a standalone equity capital markets sign-off.
In-house counsel preparing for a similar path will note the breadth of workstreams that ran in parallel, from compensation arrangements for senior staff to cybersecurity representations, each of which can carry its own timetable and disclosure risk if left until late in the process.
Nasdaq has seen a steady run of technology and consumer-facing IPOs this year, and firms with established capital markets benches are now competing hard for a shrinking pool of listing candidates.
Firms that can back a deal team with specialists in compensation, tax, IP and privacy are winning more of this work, and it is starting to change how capital markets groups get built.
Solicitors and associates working in this space should take note: public company readiness now extends well beyond the prospectus, and clients preparing for a Nasdaq or London listing will expect their advisers to flag compensation, tax and privacy exposures long before a roadshow begins.