US fintech firm Chime files for IPO

Fintech Financial, based in San Francisco, has submitted a registration statement to the US Securities and Exchange Committee for its initial public offer (IPO) of the shared shares of Category A.

Fintech applied for a list of Nasdaq under the “Chym” index.

The number of shares and the price range of the proposed supply has not been revealed.

The company intends to use clear revenues from public subscription for public companies, such as working capital, operating expenses, and capital expenses.

Part of the returns may also be devoted to potential acquisitions or investments in companies, products, services, or complementary technologies, although there are no specific agreements.

The main managers who run books in public subscription are Morgan Stanley, Goldman Sachs and Co., and JP Morgan, with Barclays as an additional manager for book management.

The subscription team in the public subscription consists of Evercore ISI, UBS investment Bank, Deutsche Bank Securities, PIPER SANDLER and Wolfe | Nomura as Bookrunners.

William Blair, Canaccord Genuity, Keefe, Bruyette & Woods, Stifel, First Counsens Capital Securities, and Texas Capital Securities are co -managers.

Chime services include mobile phone services, and facilitate them through partnerships with Stride Bank and Bancorp Bank.

Chime recorded an increase in revenue to $ 1.67 billion for the year 2024, compared to $ 1.28 billion in the previous year.

The company, which amounted to 25 billion dollars in 2021, was in the news of the secret submission of public subscription in December last year.

As of March 31, 2025, the company had more than 8.6 million active organs, with two -thirds using CHIME as a basic financial service provider.

In the first quarter of 2025, these active members participated in an average of 54 transactions per month, with three quarters of these transactions that are bought with debit and credit cards with a brand.

Among the investors of the company Menlo Ventures, Yereunner Ventures, Sequoia Capital, Coature Management and Acrew Capital.

The “US Fintech FIRM Chime Files for IPO” was originally created by banker international, a brand owned by Globaldata.

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