Chime, a financial technology company, has officially filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (SEC), indicating its plans to go public. The filing does not yet include details on the number of shares to be offered or the anticipated price range. The initial public offering will proceed once the SEC declares the registration effective. Until then, federal law prohibits any offers to sell or buy the securities. Founded with the mission to make banking services more accessible and affordable, Chime provides features that eliminate traditional fees such as overdraft and monthly maintenance charges, aligning its growth with the financial health of its members.
Leading financial institutions, including Morgan Stanley, Goldman Sachs & Co. LLC, and J.P. Morgan, will manage the offering as lead bookrunners. Barclays joins as an additional bookrunner, while Evercore ISI, UBS, Deutsche Bank Securities, Piper Sandler, and Wolfe | Nomura Alliance will also serve in similar capacities. Co-managers include firms such as William Blair and Keefe, Bruyette & Woods.
