Overview

• Lendbuzz submitted an S-1 to the SEC to list on the Nasdaq Global Select Market under the ticker LBZZ.
• The lender reported first-half 2025 revenue of $172.9 million, up 38% year over year, with net income rising 98% to $11.1 million.
• Its underwriting serves consumers with limited credit histories, with 42% showing a FICO score (weighted average 680) and 83% having no or thin files as of year-end 2024.
• The filing notes the company does not verify immigration status and accepts certain non‑U.S. government IDs, citing potential exposure to immigration-policy changes.
• Offering terms were not set, with Goldman Sachs, JPMorgan Chase and RBC Capital Markets as managers, and CNBC reporting a roughly $1.5 billion valuation target as the IPO arrives during a busy fintech listing cycle that also saw Tricolor enter Chapter 7 this week.