US EditionForbes Daily: America’s Largest Digital Bank Faces Its IPO Reality
- Chime Financial Inc., a San Francisco-based digital bank, filed for an IPO in June 2025 aiming to raise about $800 million and test a valuation near $11 billion.
- The IPO follows years of growth amid economic uncertainty and a prior private valuation near $25 billion, with proceeds intended to expand Chime's no-fee banking services.
- Chime plans to sell 32 million shares at $24 to $26 each, including 25.9 million new and 6.1 million secondary shares, backed by investors like Sequoia and SoftBank.
- The company reported $1.3 billion revenue in 2023, narrowing losses to $25.3 million and generating a $12.9 million profit in Q1 2025, helped by a custom platform called ChimeCore.
- Chime's IPO reflects renewed investor interest in fintech IPOs after a market freeze caused by geopolitical and economic concerns, suggesting cautious optimism for high-growth tech firms.
12 Articles
12 Articles
Chime Financial IPO: Digital banking service sets target stock price as Nasdaq listing date nears
Ding, ding, ding! Chime Financial is finally ready to go public. The 13-year-old digital banking services company has set a target valuation of $11.2 billion for its highly anticipated initial public offering (IPO), according to a filing Monday with the Securities and Exchange Commission (SEC). That would amount to raising roughly $832 million while offering 32 million shares, priced between $24 and $26. Per Chime’s S-1 statement, the company sa…
Chime IPO Terms Signal Fintech Valuations Back To Reality In 2025
Chime IPO Terms Reflect a Fintech Valuation Reset: Why It’s a Positive Shift On June 2, … Chime IPO Terms Signal Fintech Valuations Back to Reality in 2025Read more The post Chime IPO Terms Signal Fintech Valuations Back to Reality in 2025 first appeared on Real News Hub.
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