From Yahoo Finance: 2025-06-02 12:45:00

Chime Financial is finally ready to go public with a target valuation of $11.2 billion in its IPO, offering 32 million shares priced between $24 and $26. The company has 8.6 million active members generating $251 per active member. Chime plans to list on Nasdaq under the ticker “CHYM.”

Despite a fall from its $25 billion peak in 2021, Chime’s recently disclosed revenue for 2024 was $1.67 billion, with net losses narrowing. The IPO is highly anticipated, reflecting the growing popularity of digital challenger banks. Fintech companies like Klarna have paused IPO plans amid market challenges.

The IPO market is showing signs of activity with 100 filings year-to-date, a 19% increase from last year. 81 have priced, a 40% increase. Chime’s offering comes at a time when the digital banking sector is gaining momentum, with consumers registering $98 billion in global digital deposits by 2023.

Read more: Digital banking service sets target stock price as Nasdaq listing date nears