No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Monday, October 27, 2025
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Markets

IPO News: Fintech firm Chime Financial files for initial public offering

by TheAdviserMagazine
5 months ago
in Markets
Reading Time: 2 mins read
A A
IPO News: Fintech firm Chime Financial files for initial public offering
Share on FacebookShare on TwitterShare on LInkedIn


The IPO market has experienced an increase in activity this year compared to 2024, in terms of the number of deals and proceeds. However, tariff-related uncertainties and recessionary fears could impact the momentum in the coming months. While healthcare and technology companies continue to dominate the IPO scene, there has been strong interest from various other industries in entering the public market.

The Offering

Chime Financial, Inc., a financial technology company that provides mobile banking services, is taking the IPO route to accelerate business growth. The company has filed papers with the Securities and Exchange Commission for an initial public offering. It has applied to list the stock on the Nasdaq Global Select Market under the symbol CHYM. The team of underwriters is led by JP Morgan, Morgan Stanley, and Goldman Sachs. Other details like the number of shares being offered and the offer price are yet to be disclosed.

The management plans to use proceeds from the offering mainly for general corporate purposes, including working capital, operating expenses, and capital expenditures. A portion of the proceeds may be spent on acquisitions and to invest in products and technologies. The remaining proceeds will be used to satisfy the company’s anticipated tax withholding and remittance obligations related to the settlement of certain of its outstanding restricted stock units.

Member Growth

Ever since its founding in 2012, Chime Financial has consistently increased its active member base and introduced new products to the platform. The company generated $251 in Average Revenue Per Active Members in the first quarter of 2025, compared to $231 last year. It reported mixed results for the three months ended March 31, 2025. Revenues increased to $518.7 million from $391.9 million in the year-ago quarter. Meanwhile, Q1 net income declined to $12.9 million from $15.9 million a year earlier.

For fiscal 2024, Chime Financial reported revenues of $1.67 billion, up 31% from last year. The company incurred a net loss of $25.3 million in FY24, narrower than the $203.2 million loss it posted in fiscal 2023.



Source link

Tags: ChimefilesfinancialFintechfirminitialIPONewsOfferingPublic
ShareTweetShare
Previous Post

Drive Down Costs: Top 5 Ways to Save on Auto Expenses

Next Post

Tesla Sales Crash 49% in Europe Even as EV Market Surges

Related Posts

edit post
HSBC to recognize .1 billion in provision after court ruling in Madoff case

HSBC to recognize $1.1 billion in provision after court ruling in Madoff case

by TheAdviserMagazine
October 26, 2025
0

A view of the logo of HSBC bank on a wall outside a branch in Mexico City, Mexico, on June...

edit post
Top Wall Street analysts champion these 3 stocks for solid returns

Top Wall Street analysts champion these 3 stocks for solid returns

by TheAdviserMagazine
October 26, 2025
0

The stock market has been volatile lately as investors study the latest twists and turns in the the U.S.-China trade...

edit post
Popular investing strategy losing appeal with stocks at record finding

Popular investing strategy losing appeal with stocks at record finding

by TheAdviserMagazine
October 25, 2025
0

Passive investing through exchange-traded funds may be losing its appeal.Tidal Financial Group Chief Revenue Officer Gavin Filmore finds many of...

edit post
Starboard aims to unlock the value of Fluor’s investment in nuclear tech company NuScale

Starboard aims to unlock the value of Fluor’s investment in nuclear tech company NuScale

by TheAdviserMagazine
October 25, 2025
0

Company: Fluor Corp (FLR)Business: Fluor is a holding company that provides engineering, procurement, construction, fabrication and modularization, and project management...

edit post
Meta Platforms to report Q3 earnings on October 29. Here’s what to expect

Meta Platforms to report Q3 earnings on October 29. Here’s what to expect

by TheAdviserMagazine
October 24, 2025
0

When Meta Platforms, Inc. (NASDAQ: META) reports its third-quarter results, investors will be looking for updates on the trajectory of...

edit post
2 of the Best Aldi Finds Available Right Now (While They Last)

2 of the Best Aldi Finds Available Right Now (While They Last)

by TheAdviserMagazine
October 24, 2025
0

Sharkshock / Shutterstock.comLoyal Aldi shoppers know it well — the legendary “Aisle of Shame.” The affectionate nickname is a nod...

Next Post
edit post
Tesla Sales Crash 49% in Europe Even as EV Market Surges

Tesla Sales Crash 49% in Europe Even as EV Market Surges

edit post
10 Home Repairs You Can Do Yourself in a Matter of Minutes

10 Home Repairs You Can Do Yourself in a Matter of Minutes

  • Trending
  • Comments
  • Latest
edit post
77-year-old popular furniture retailer closes store locations

77-year-old popular furniture retailer closes store locations

October 18, 2025
edit post
Pennsylvania House of Representatives Rejects Update to Child Custody Laws

Pennsylvania House of Representatives Rejects Update to Child Custody Laws

October 7, 2025
edit post
What to Do When a Loved One Dies in North Carolina

What to Do When a Loved One Dies in North Carolina

October 8, 2025
edit post
Another Violent Outburst – Democrats Inciting Civil Unrest

Another Violent Outburst – Democrats Inciting Civil Unrest

October 24, 2025
edit post
Probate vs. Non-Probate Assets: What’s the Difference?

Probate vs. Non-Probate Assets: What’s the Difference?

October 17, 2025
edit post
California Attorney Pleads Guilty For Role In 2M Ponzi Scheme

California Attorney Pleads Guilty For Role In $912M Ponzi Scheme

October 15, 2025
edit post
Pillar Two Compliance Costs | Tax Foundation Europe

Pillar Two Compliance Costs | Tax Foundation Europe

0
edit post
Still Dreaming, Just Differently: Making Peace with Career Progress at a Different Rate

Still Dreaming, Just Differently: Making Peace with Career Progress at a Different Rate

0
edit post
Trump: U.S.-China trade deal, TikTok sale likely this week

Trump: U.S.-China trade deal, TikTok sale likely this week

0
edit post
Important Evidence That Can Aid Your SSDI Claim

Important Evidence That Can Aid Your SSDI Claim

0
edit post
You’ve Just Stolen a Priceless Artifact – What Happens Next?

You’ve Just Stolen a Priceless Artifact – What Happens Next?

0
edit post
Key highlights from Hasbro’s (HAS) Q3 2025 earnings results

Key highlights from Hasbro’s (HAS) Q3 2025 earnings results

0
edit post
Trump: U.S.-China trade deal, TikTok sale likely this week

Trump: U.S.-China trade deal, TikTok sale likely this week

October 27, 2025
edit post
You’ve Just Stolen a Priceless Artifact – What Happens Next?

You’ve Just Stolen a Priceless Artifact – What Happens Next?

October 27, 2025
edit post
Barclays re-enters Saudi Arabia 11 years after exiting business

Barclays re-enters Saudi Arabia 11 years after exiting business

October 27, 2025
edit post
What Happens When You Don’t Report Your Crypto Taxes to the IRS

What Happens When You Don’t Report Your Crypto Taxes to the IRS

October 27, 2025
edit post
The Core Of The Peace Proposal

The Core Of The Peace Proposal

October 27, 2025
edit post
Coforge shares rally 6% after Q2 net profit rockets 86% YoY. Should you buy, sell or hold?

Coforge shares rally 6% after Q2 net profit rockets 86% YoY. Should you buy, sell or hold?

October 26, 2025
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • Trump: U.S.-China trade deal, TikTok sale likely this week
  • You’ve Just Stolen a Priceless Artifact – What Happens Next?
  • Barclays re-enters Saudi Arabia 11 years after exiting business
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.