Chime Files for IPO on Nasdaq

Chime filed for an IPO on Nasdaq on May 13, 2025. The company plans to be listed under the ticker symbol "CHYM." In the company prospectus, it states that Chime is a technology company and not a bank. It is not a member of the US Federal Deposit Insurance Corporation (FDIC). Nevertheless, Chime lists industry giants like Bank of America, JPMorgan Chase, Wells Fargo, Citibank, Capital One, and PNC Bank as competitors. Most new members who set up a direct deposit with Chime previously had a direct deposit usually with large established banks. ...