AI-Powered Auto Lender Lendbuzz Files for Initial Public Offering on Nasdaq. Boston-based auto finance company Lendbuzz, which leverages artificial intelligence to evaluate loan applications, has filed a registration statement on Form S-1 with the US Securities and Exchange Commission (SEC) for a proposed initial public offering (IPO). The fintech firm, founded in 2015 by CEO Amitay Kalmar and CTO Dan Raviv, aims to list its common stock on the Nasdaq Global Select Market under the ticker symbol LBZZ. Lendbuzz specializes in assessing loan applications for car buyers who have limited credit histories, utilizing its AI-driven platform. In its statement on the filing, Lendbuzz noted that the amount of common stock and the price range for the proposed listing have not yet been determined. The company also indicated that the offering remains subject to SEC approval, adding that there can be no assurance as to whether or when the offering may be completed, or as to its actual size or terms. Goldman Sachs, JP Morgan, RBC Capital Markets, and Mizuho have been enlisted as lead book-running managers for the proposed offering. Additionally, TD Securities, Citizens Capital Markets, Keefe, Bruyette and Woods, and Needham and Company are set to act as passive bookrunners. Lendbuzz has a history of collaborating with these four lead bookrunners, having worked with them earlier this year for a $262 million asset-backed securitization. Prior to this, in August 2024, the company secured $400 million through a forward flow program with Viola Credit. The proposed IPO follows similar moves by other prominent fintech companies. US fintech Chime notably raised $846 million during its Nasdaq debut in June, while Swedish fintech Klarna secured $1.37 billion when it launched on the New York Stock Exchange earlier this month, after filing its Form F-1 registration statement with the SEC in March.