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yesterday

Chime Publicly Files for Nasdaq IPO, Signals Growth Potential

The fintech giant reports $519 million in Q1 revenue and 8.6 million active members, but share count and pricing details remain undisclosed.

The Chime logo is seen on a smartphone placed on U.S. dollars banknotes in this illustration taken January 24, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
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chime bank card
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Overview

  • Chime has filed its S-1 with the SEC to go public on Nasdaq under the ticker symbol 'CHYM,' with Morgan Stanley, Goldman Sachs, and J.P. Morgan as lead underwriters.
  • The company reported $519 million in revenue and $12.4 million in net income for the first quarter of 2025, reflecting 32% year-over-year growth.
  • Chime serves 8.6 million active members, a 23% increase from the previous year, with 67% using it as their primary financial account.
  • The fintech's business model focuses on interchange fees rather than traditional banking revenues, targeting everyday Americans with features like early paycheck access and overdraft protection.
  • Chime's IPO filing follows its expansion into a flagship New York City office and highlights a $33 million sponsorship deal with the Dallas Mavericks to boost brand visibility.