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Chime, a rising star in the tech world with its upcoming IPO set to be a major hit in 2025, has announced a share price range of $24 to $26. This puts the company’s market cap at up to $11.2 billion, with expectations of raising $800 million at the midrange. Investors like Cathay Innovation are also looking to sell some shares in the IPO.
Fast revenue growth and reduced expenses have put Chime in the spotlight, with impressive revenue numbers of $1.3 billion in 2023, $1.7 billion in 2024, and over $518 million in the first quarter of 2025. Despite a decrease in losses from $203 million to $25 million, the company’s last private valuation was estimated at $25 billion.
Insiders show confidence in Chime’s potential, with major shareholders holding onto their stakes as the IPO date approaches. With tech and VC heavyweights showing interest, the IPO is expected to take place during the week of June 9. Stay tuned for more updates on this exciting development in the tech industry.
