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Chime, last valued at $25B, aims for $11B in upcoming IPO | TechCrunch

Jun 02, 2025 - techcrunch.com
Chime is preparing for a highly anticipated IPO in 2025, with a share price range set between $24 and $26, potentially valuing the company at up to $11.2 billion. At the midrange, Chime aims to raise $800 million, with some shares being sold by investors like Cathay Innovation. Despite the excitement, Chime's IPO won't be the largest of the year, as CoreWeave holds that title with a $23 billion valuation. Chime's appeal lies in its rapid revenue growth and reduced losses, with revenue increasing from $1.3 billion in 2023 to $1.7 billion in 2024, and losses decreasing from $203 million in 2023 to $25 million in 2024.

Chime's last private valuation was $25 billion, higher than the current IPO target, but investor interest could drive the price above the range. Notably, most major shareholders, including DST Global, Crosslink Capital, and Access Industries, are not selling their stakes, indicating confidence in the company's future performance. The IPO is expected to occur during the week of June 9, 2025.

Key takeaways:

  • Chime's IPO is expected to be a major event in 2025, with a share price range of $24 to $26 and a market cap of up to $11.2 billion.
  • The company plans to raise $800 million through the IPO, with some investors, including Cathay Innovation, selling shares.
  • Chime has shown strong financial performance with revenue growth from $1.3 billion in 2023 to $1.7 billion in 2024 and reduced losses from $203 million to $25 million.
  • Despite a lower IPO valuation compared to its last private valuation, major investors like DST Global, Crosslink Capital, and Access Industries are holding their stakes, indicating confidence in the company's future performance.
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