Nuked 
Hello followers! Today, let’s dive into the exciting world of fintech with a focus on Chime’s upcoming IPO. It’s getting quite a buzz!
Chime is gearing up to go public, with a share price range set between $24 and $26. This puts its market cap at approximately $11.2 billion, based on estimates. The company plans to raise around $800 million, with some shares being sold by early investors like Cathay Innovation, a major European VC firm. Interestingly, even in this slow IPO climate, Chime’s financials are promising: revenues hit $1.3 billion in 2023 and grew to $1.7 billion in 2024. Early 2025 data shows over $518 million in revenue during the first quarter alone. Meanwhile, losses have significantly reduced from $203 million in 2023 to a mere $25 million last year.
Despite this, there’s a slight mismatch: last private valuation was around $25 billion, which is higher than the IPO target. However, if investor enthusiasm remains strong, the IPO could be priced even above the mid-range, boosting valuation from the first trading day. Notably, big investors like DST Global, Crosslink Capital, and Access Industries hold stakes, with insiders unlikely to sell immediately—though more details might emerge soon. The IPO is expected to happen during the week of June 9, 2025.
All in all, Chime’s growth and shrinking expenses make it a notable IPO to watch, even if it isn’t the largest of 2025. Its story is a compelling mix of rapid revenue growth and cautious public markets curiosity.
