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Chime, a leading American neobank, has filed confidentially for an initial public offering (IPO) with bank regulators, aiming for a market debut in 2025. The company, which was last valued at $25 billion in 2021, has raised a total of $2.65 billion to date. Chime currently serves approximately 7 million customers and has achieved 18 million app downloads. The IPO will be led by Morgan Stanley. In recent months, online banking providers have attracted nearly $1.2 billion in investments, with several major players announcing new funding rounds.
Thinking of comps to Chime for when the S-1 comes out… Varo, Block, any others y’all are thinking of?
American neobank giant @Chime just submitted a confidential filing for IPO. The company was last valued at $25 billion in 2021, It's raised $2.65 billion to-date, With 7 million customers (and 18 million app downloads) https://t.co/GgHW5B69Ty
IPO MARKET COMETH: CHIME Chime filed confidentially to go public with bank regulators. IPO timing is 2025, and the IPO will be led by Morgan Stanley. It raised at the nosebleed valuation of $25 Bn in 2021. The company has raised $2.65 billion to date, according to PitchBook… https://t.co/fqsRVw5m2N