Chime Enlists Morgan Stanley to Lead 2025 IPO

US neobank Chime has enlisted Morgan Stanley to lead its anticipated 2025 IPO, signalling that preparations for one of the most awaited fintech listings are advancing. Morgan Stanley's involvement brings one of Wall Street's most experienced IPO advisers to the deal.

Chime has built the largest digital bank in the United States by customer numbers, serving millions of users with fee-free banking, early direct deposit and automated savings features. The company targets consumers underserved by traditional banks.

The Morgan Stanley appointment suggests Chime is targeting a significant listing that could test investor appetite for US consumer fintech at scale, following the mixed performance of other fintech IPOs in recent years.