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Fintech firm Chime eyes $11.2B valuation as revenue climbs and losses narrow
Digital banking platform Chime has taken a major step toward its long-awaited public debut, releasing an expected IPO share price range of $24 to $26. At the top end, the offering would value the company at $11.2 billion, with proceeds of approximately $800 million raised between the company and select investors.
While not the largest listing of 2025, the IPO is poised to be one of the most closely watched, given Chime’s momentum and its positioning as a leading U.S. fintech brand with strong consumer adoption and consistent revenue growth.
Revenue Up, Losses Down
Chime’s latest financial disclosures show a company moving in the right direction across its core performance metrics. In 2023, it reported $1.3 billion in revenue, which rose to $1.7 billion in 2024. The first quarter of 2025 has already delivered more than $518 million in revenue, putting the company on pace to surpass earlier years.
Even more notably, losses are shrinking fast. Net losses dropped from $203 million in 2023 to just $25 million in 2024—a sign that the company has tightened operations while continuing to grow.
This trajectory could make Chime’s shares attractive to both institutional and retail investors looking for exposure to consumer-focused fintech companies with clearer paths to profitability.
READ MORE:
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Investor Confidence Remains High
Although Chime’s IPO valuation is notably lower than its last known private valuation—estimated at $25 billion by Pitchbook—that gap is not expected to hurt investor interest. In today’s market, public debuts often reset private expectations, especially when companies prioritize long-term performance over optics.
More importantly, most of Chime’s major shareholders are opting to hold their positions rather than sell at IPO. Aside from a modest secondary sell from European firm Cathay Innovation, other top investors—such as DST Global, Crosslink Capital, Access Industries, General Atlantic, Menlo Ventures, and Iconiq—are not currently unloading shares, according to regulatory filings.
This decision signals strong internal belief that the stock will appreciate once trading begins, and that Chime’s valuation could climb above its IPO pricing range.
One of 2025’s Most Watched Listings
The offering comes at a moment when public markets remain selective about which companies they reward. A consistent revenue trajectory and narrowed losses help Chime stand apart in a slow IPO climate, especially in fintech, where many high-profile companies remain private.
Chime’s business model—a mobile-first platform that provides fee-free banking services to millions of U.S. consumers—has attracted long-standing support from top venture firms. As digital financial services continue to expand their user base and integrate deeper into daily life, Chime’s performance will serve as a barometer for broader market sentiment around consumer fintech.
What to Watch
The IPO is currently expected to price the week of June 9. If investor demand outpaces expectations, the offering could price above the stated range and drive further valuation upside once trading begins.
For now, Chime appears to be executing on both growth and operational efficiency—two traits that public markets increasingly favor.
