Chime Financial, Inc., one of the most recognized names in U.S. fintech, is heading to Wall Street. The company plans to raise capital through an initial public offering (IPO) of 32,000,000 shares of its Class A common stock, including 25.9 million new shares issued by the company and 6.1 million shares offered by existing shareholders. The expected price range is $24.00 to $26.00 per share, with an additional 4.8 million shares reserved for underwriters via the greenshoe option. At the midpoint of the range ($25.00), the deal size would be $800 million and the market cap would ring the bell at approximately $9 billion. Chime will be listed on the Nasdaq Global Select Market under the ticker symbol “CHYM.”
This traditional IPO structure will provide Chime with fresh capital to support general corporate purposes, product expansion, marketing, and potential strategic acquisitions. While the offering includes some shareholder liquidity, most of the capital raised will go directly to fueling Chime’s continued growth. The company’s co-founders—Chris Britt and Ryan King—will retain significant voting control via Class B super-voting shares, ensuring long-term strategic influence.
Founded in 2012, Chime is on a mission to help everyday Americans achieve financial progress. The company offers a digital-first suite of banking services through its app and partner banks, The Bancorp Bank and Stride Bank. Key offerings include spending and savings accounts, early direct deposit, fee-free overdraft protection through SpotMe, and a credit-building tool known as Credit Builder. Chime does not charge fees for monthly maintenance, overdrafts, or minimum balances—breaking from the traditional bank model and appealing to users with modest financial means.
As of March 31, 2025, Chime had 8.6 million Active Members, with more than two-thirds relying on it as their primary financial relationship. These users averaged 54 transactions per month, with 75% of purchases made via Chime-branded debit or credit cards—largely for essential categories like food, gas, and utilities. The company’s business model is built around interchange fees rather than loan interest or account fees, aligning its incentives with user engagement rather than account balances.
Chime’s financial trajectory reflects high growth and tightening losses. Between 2022 and 2024, revenue rose from $1.01 billion to $1.67 billion, while gross profit increased from $794 million to $1.47 billion. Over that time, the company’s gross margin expanded from 79% to 88%, showing improved operational efficiency and stronger contribution from each transaction. Meanwhile, net losses narrowed dramatically—from $(470 million) in 2022 to just $(25 million) in 2024, underscoring Chime’s path toward breakeven.
Here’s a closer look at Chime’s financial performance over the past three years:
Looking forward, Chime plans to continue expanding its product suite, with particular focus on short-term liquidity, credit access, and financial planning tools. The company is also exploring entry into small business services. With its high-engagement user base and scalable infrastructure, Chime believes it can deliver strong unit economics and achieve adjusted EBITDA profitability within the next 24 months.
Chime enters the public markets alongside fintech peers like SoFi, Robinhood, and Nubank. Yet its proposed valuation—around 4.8x trailing revenue—is seen as conservative compared to the industry average of 7–8x, indicating a strategic focus on long-term investor relationships rather than inflated short-term pricing.
Investor sentiment heading into the IPO is cautiously optimistic. Chime’s strong brand, large addressable market, and improving financials make it an appealing growth story, especially given the stabilizing macroeconomic environment. The IPO is expected to be primarily allocated to institutional investors, with a small portion reserved for employees, early supporters, and their families.
Following the IPO, Chime plans to scale its customer base beyond 15 million members, pursue selective acquisitions, and cement its position as the financial hub for working- and middle-class Americans. With continued product innovation and a clear mission, Chime aims not just to go public—but to redefine what banking looks like for the next generation.
CHYM is expected to price the week of June 9th, 2025