Chime reports a $23m net loss on $1.67b in revenue for 2024, versus a $203m net loss on $1.28b in revenue for 2023. It has 8.6m active users who average 54 monthly transactions. Morgan Stanley, Goldman Sachs, and JPMorgan are leading a group of 14 IPO underwriters.
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Fintech company Chime files for Nasdaq IPO
“Chime is a technology company, not a bank,” the company said in its prospectus, noting it is not a member of the U.S. Federal Deposit Insurance Corporation. Still, the company cited Bank of America, Capital One, Citibank, JPMorgan Chase, PNC Bank and Wells Fargo as competitors.
