We advised the underwriters on the IPO

Davis Polk advised the representatives of the several underwriters in connection with the initial public offering of 6,956,522 shares of common stock of Neutron Holdings, Inc. (d/b/a Lime), of which 6,679,791 shares were issued and sold by the company and 276,731 shares were sold by the selling stockholders, for total gross proceeds of $173.9 million. The common stock is listed on the Nasdaq Global Select Market under the symbol “LIME.”

Lime is the largest global shared micromobility business and is on a mission to build a future where transportation is shared, affordable and carbon-free. The company provides convenient and reliable short-term rentals of e-scooters and e-bikes at an affordable price and operated in approximately 230 cities across 29 countries in 2025.

The Davis Polk capital markets team included partners Alan F. Denenberg and Beth LeBow and associates Rebecca Lei and Larry Lo. Partner Frank Azzopardi and associates Shreya R. Kundur and Anne Kim provided intellectual property advice. Partner Kara L. Mungovan and associates Omar Hersi and David J. Beer provided tax advice. Members of the Davis Polk team are based in the Northern California and New York offices.

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