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Chime, last valued at $25B, aims for $11B in upcoming IPO
Chime, valued at $25B, plans an IPO targeting an $11B market cap with a share price range of $24 to $26. Expected to raise $800M, it reports strong revenue growth, with $1.7B projected for 2024. Despite a higher previous valuation, insiders retained most stakes, indicating confidence. The IPO is anticipated for the week of June 9, 2025.
Key points
- Chime's IPO share price range is $24 to $26, with a potential market cap of $11.2 billion.
- The company aims to raise $800 million through the IPO, attracting notable investors like Cathay Innovation.
- Chime's revenue grew from $1.3 billion in 2023 to a projected $1.7 billion in 2024.
- Despite a drop in valuation from its previous $25 billion, most insiders are holding onto their shares.
- The impending IPO, scheduled for the week of June 9, is expected to be a significant event in 2025.
Why it matters
- Chime's performance mirrors a broader trend in tech IPOs, with companies focusing on profitability amidst slower market conditions.
- The IPO market in 2025 is seeing companies with solid revenue growth attracting investor attention, similar to CoreWeave's $1.5 billion IPO success.
- Chime's strategy of retaining insider shares highlights growing investor confidence, reflecting the evolving landscape post-pandemic.
Chime's upcoming IPO represents a pivotal moment in the 2025 tech landscape, balancing previous valuations with promising growth metrics, potentially shaping investor sentiment and market dynamics.