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Chime Sets $11 Billion IPO Amid Valuation Drop

6/3/2025

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Summary

Story summary

Chime, the largest U.S. digital bank, plans an IPO priced at $24-$26 per share, aiming for an $11 billion valuation.
This valuation is notably lower than its $25 billion valuation in 2021.
The bank reported $1.3 billion in revenue for 2023, with losses reduced from $203 million to $25 million in 2024.
The IPO is expected during the week of June 9, with major investors retaining their stakes.
Chime serves 8.6 million active customers, primarily earning revenue through interchange fees.

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Story summary

Chime, the largest U.S. digital bank, plans an IPO priced at $24-$26 per share, aiming for an $11 billion valuation.
This valuation is notably lower than its $25 billion valuation in 2021.
The bank reported $1.3 billion in revenue for 2023, with losses reduced from $203 million to $25 million in 2024.
The IPO is expected during the week of June 9, with major investors retaining their stakes.
Chime serves 8.6 million active customers, primarily earning revenue through interchange fees.