Fintech Chime Is Said to Plan IPO Launch as Soon as Monday

Fintech Chime Is Said to Plan IPO Launch as Soon as Monday

Chime Financial Inc. is planning to launch its initial public offering as soon as Monday, according to people familiar with the matter, as US listings bounce back from a disappointing April.

June 01, 2025: Great Month, But Always One Tweet Away From Volatility

Last week, Dow Jones rose 1.6%, S&P 500 gained 1.9%, Nasdaq composite rose 2%. For the month, Dow Jones rose 3.9%, S&P 500 gained 6.15% (best May return in 35 years), and the Nasdaq was up almost 10% (largest monthly gain since November 2023). That said, tariff related headlines once again pressured markets on Friday. Chime is targeting a US$11B IPO valuation, while Shein is now considering a Hong Kong IPO after regulatory delays in London. Disc…

Source: Chime's IPO is expected to price at ~$11B, down from its $25B private valuation in 2021; every VC-backed IPO in the past 12 months has been a down round

Cory Weinberg / The Information: Source: Chime's IPO is expected to price at ~$11B, down from its $25B private valuation in 2021; every VC-backed IPO in the past 12 months has been a down round  —  When banking app Chime goes public next month, it will mark the eighth straight venture capital-backed initial public offering …