Chime selects Morgan Stanley to lead IPO – Bloomberg

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community.

Bloomberg cited this to unnamed sources. PYMNTS reported Chime declined to comment when contacted.

Chimes’s valuation raised from $750 million at $25 billion in 2021 and previously tapped Goldman Sachs for a possible IPO in 2022.

In May 2024, the fintech paid more than $4.5 million in settlement Consumer Financial Protection Bureau for illegally delaying consumer refunds. In July 2024, Chime bought enterprise employee rewards platform Salt Labs.