Be ready for the Chime IPO
Chime Financial, a fintech company offering fee-free banking services, confidentially filed for an initial public offering (IPO) in December 2024, aiming to go public in 2025. Start your analysis today with Daloopa.
Daloopa provides all the publicly disclosed data -including guidance, debt, KPIs, segmental and geographical breakdowns – in one datasheet and shares updates within minutes of release.
Be one step ahead of the rest.
Chime IPO Schedule
Filing Date
In December 2024, Chime Financial submitted a confidential draft registration statement for its IPO, indicating its intent to go public in 2025.
Roadshow Dates
Specific dates for Chime’s IPO roadshow have not been publicly disclosed. Typically, such roadshows occur in the weeks leading up to the IPO to attract potential investors.
Pricing Date
The final IPO price is expected to be determined shortly before the listing date, following the completion of the roadshow and investor consultations.
Listing Date
Chime plans to go public in 2025, though the exact listing date has not been finalized and may change based on market conditions.
Closing Date
The IPO offering period is anticipated to close shortly after the listing date, once all allotted shares have been sold and transactions settled.
Additional Information
Underwriters
Chime has appointed Morgan Stanley as the lead underwriter for its IPO.
Use of Proceeds
While specific allocations have not been publicly detailed, it is expected that the funds raised from the IPO will be utilized to:
- Expand product offerings into areas like lending and investment services.
- Enhance technological infrastructure.
- Support marketing and sales initiatives.
- Pursue strategic acquisitions.
Major Shareholders
Key stakeholders in Chime include:
- Chris Britt: Co-founder and Chief Executive Officer.
- Ryan King: Co-founder and Chief Technology Officer.
- Investors: Notably, Sequoia Capital, DST Global, and General Atlantic.
Valuation
In 2021, Chime was valued at $25 billion. Recent reports suggest that Chime is targeting a valuation of up to $40 billion for its IPO, though this figure is not officially confirmed.
Oversubscription
Information regarding potential oversubscription of Chime’s IPO will become available closer to the offering date, based on investor demand during the roadshow.
Chime Valuation & Financials
Valuation Metrics
Pre-IPO Valuation
In 2021, Chime was valued at $25 billion. Updated valuation metrics will be available upon the completion of the IPO.
Price-to-Earnings (P/E) Ratio
Specific P/E ratio information is not available, as Chime remains a privately held company.
Enterprise Value
The enterprise value will be determined based on the IPO valuation and capital structure at the time of listing.
Financial Statements
Revenue
Chime achieved $1.3 billion in revenue in 2023 and is projected to reach $1.5–1.9 billion in 2024.
Net Income
Chime achieved profitability in Q1 2024, though specific net income figures are not publicly available.
Cash Flow and EBITDA
Detailed information on cash flow and EBITDA is not publicly available.
Chime IPO Prospectus
Link to SEC Filings
As Chime has confidentially filed for an IPO, the SEC filings are not yet publicly available.
Summary of Prospectus Key Points
Key details will be provided upon the public release of an official prospectus, expected closer to the IPO date.
Chime Market Cap
Chime’s market capitalization will be determined once the IPO is completed and the shares commence trading.
Chime Stock Price
As a privately held company, Chime does not have a publicly traded stock price. Post-IPO stock performance will be monitored upon listing.
Interested in other companies?
Create a free account to get access to five more free models for free.
About Daloopa
We believe that AI technology can improve clarity and efficiency for investors and financial markets.
Daloopa was formed in 2019, inspired by our founders’ personal experience at Point72, a NYC- based/short equiy hedge. Accurate data is central to all investment decisions and can influence speed and confidence for decision-makers. We believe that institutional finance has an opportunity to embrace tech-driven accuracy and speed.
