Finally, the digital Chime Bank Consumer Bank moved forward with IPO, submitting S-1 documents on Tuesday. Chime reportedly submitted confidential S-1 documents in December.
S-1 applications normally reveal every kind of knowledge, including financial, legal and other risk aspects. But S-1 chime documents I still have a lot of empty spaces. We do not know how many shares he hopes to sell or at what price. Chime might be aimed at collecting $ 1 billion, a specialist from IPO Renaissance Capital believes.
We also do not know how many shares they intend to sell under IPO. This includes his principal supporters, a list that features DST Global about billionaires Juri Milner, Capital Michael Stark, billionar Len Blavatnik access industry, in addition to VC General Atlantic, Menlo Ventures (run by a board member Shawna Carolan), Sino French Innovative and Iconiq fund.
Chime collected $ 2.65 billion as a private company, including the last increase in 2021, which valued it at $ 25 billion, estimates Pitchbook. As a result, there is a lot more VC on the CAP table. They may also be for great payments. For example, Forerunner Ventures Kirsten Green and Hunter Walk’s Homebrew say a portfolio company.
Chime offered one detail that means that the company thinks it is going to be a huge IPO. Chime took the army of great investment bankers, including Morgan (*33*), Goldman Sachs and JP Morgan.
Financial shows why investors can get excited. The company finished 2024 with USD 1.67 billion and USD 25 million losses, in comparison with almost USD 1.3 billion in revenues and USD 203 million in 2023. His income in the first quarter of 2025 was already USD 519 million. So through Mathematics from the Silicon ValleyThis puts him on the right track to $ 2 billion this yr and almost profitability.
Chime offers consumer inspections, savings, debit and bank cards in addition to claims of 8.6 million energetic users.
One interesting disclosure in the documentation. A member of the board of Cynthia (*25*) was the general director of Dallas Mavericks from 2018 to December 2024. Chime became the sponsor of Mavericks at that point. Within three years, it paid about $ 33 million (2022-2024), which gained mushroom logo in the team’s shirt, including marketing advantages. Without this agreement, it could already be profitable.