From Yahoo Finance: 2025-05-22 13:31:00

Chime reports a $13 million Q1 profit after narrowing 2024 net loss to $25 million. 76% of revenue still from interchange fees. $518 million marketing spend to target Gen Z ahead of IPO. Chime files for IPO, aiming for $20-25 billion valuation. Strong 2025 Q1 revenue of $518.7 million and $12.9 million net income.

Chime’s IPO under Morgan Stanley, Goldman Sachs, and JPMorgan could value it at $20-25 billion. Chime has raised $2.65 billion from investors like SoftBank. Chime targets digital-native users with 18 million account holders. Revenue in 2024 was $2.1 billion, with a net loss narrowed to $25 million.

Chime’s IPO comes after eToro’s successful debut. Analysts note risks of continued dependence on interchange fees. Chime targets young users with lower average balances. Chime plans to list on Nasdaq under ticker symbol CHYM. The IPO landscape saw a revival in March, with CoreWeave Inc.’s successful debut.

Chime’s IPO tests if fintechs can navigate geopolitical climate. Market observers watch IPO’s structure and performance. Chime’s IPO could set tone for future public offerings. Chime’s move follows eToro’s well-received listing, suggesting cautious optimism in the sector. Market awaits IPO’s developments in the coming weeks.



Read more at Yahoo Finance: Chime Files For IPO, Betting On Gen Z To Power Fintech’s Market Comeback