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Fintech Chime is said to plan IPO launch as soon as Monday weighing a valuation of about $11 billion

June 2, 2025 //  by Finnovate

Chime Financial Inc. is planning to launch its initial public offering as soon as Monday, as US listings bounce back from a disappointing April. The no-fee banking services company is weighing a valuation of about $11 billion. Chime was valued at $25 billion after raising $750 million in a funding round in 2021, according to an announcement at the time. The firm which filed for a listing with the US Securities and Exchange Commission in May, is set to disclose how much it will seek to raise in the IPO. No final decisions have been made and details of the offering including valuation and timing could change. Chime disclosed net income of $12.9 million on revenue of $518.7 million for the first three months of 2025, according to its latest filing. That compares with net income of $15.9 million on revenue of $392 million a year earlier. Chime’s largest investors include affiliates of DST Global, Crosslink Capital, Len Blavatnik’s Access Industries, General Atlantic, Menlo Ventures, Sino French (Innovation) Fund and Iconiq Strategic Partners, the filing shows. The offering is being led by Morgan Stanley, Goldman Sachs Group Inc. and JPMorgan Chase & Co. The company plans for its shares to trade on the Nasdaq Global Select Market under the symbol CHYM.

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