No-Fee Banking Startup Chime Financial Files Publicly for IPO
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Chime Financial Inc. filed publicly for an initial public offering, joining a growing number of candidates looking to go public in the brief window before the typical summer lull.
The no-fee banking services company disclosed net income of $12.9 million on revenue of $518.7 million for the first three months of 2025. That compares with net income of $15.9 million on revenue of $392 million a year earlier, according to its filing Tuesday with the US Securities and Exchange Commission. The company had filed its IPO plan confidentially last year, Bloomberg News reported.