Finally Digital Consumer Bank Chime continued with his IPO by submitting his S-1-paper work on Tuesday. Chime was reportedly submitted S-1 paperwork in December.
S-1 reports usually reveal all kinds of information that relates to financial, legal and other risk factors. But Chime’s S-1 documents I still have many empty spaces. We do not know how many shares it hopes to sell or at what price. Chime would like to be $ 1 billion, IPO specialist Renaissance Capital believe.
We also do not know how many shares insiders are planning to sell as part of the IPO. This includes the most important Backers, a list of DST Global of billionaire Yuri Milner, Michael Stark’s CrossLink Capital, billionaire Len Blavatnik’s Access Industries and VC companies General Atlantic, Menlo Venture (led by board member Shawn Carolan, the Sino French, the Sino French.
Chime collected a total of $ 2.65 billion as a private company, including the last increase in 2021 that appreciated $ 25 billion, PitchBook estimates. As a result, there are many more VCs on the dop table. They too could be for large payers. For example, Kirsten Green’s Forerunner Ventures and Hunter Walk’s Homebrew both claim Citim as a portfolio company.
Chime offered one detail that suggests that the company believes it will be a huge IPO. Chime called in an army of large brand bankers, including Morgan Stanley, Goldman Sachs and JP Morgan.
The financial data shows why investors can be enthusiastic. The company ended 2024 with a turnover of $ 1.67 billion and $ 25 million in losses, compared to almost $ 1.3 billion in turnover and $ 203 million losses in 2023. The turnover of the first quarter of 2025 was already $ 519 million. So on Silicon Valley MathThis year it places on schedule for $ 2 billion and almost profitability.
Chime offers consumer control, savings, debit and credit cards and claims 8.6 million active users.
An interesting unveiling in the paperwork. The Cynthia Marshall board member was the CEO of the Dallas Mavericks from 2018 to December 2024. Chime became a Mavericks sponsor at that time. It paid approximately $ 33 million over three years (2022-2024), who achieved the Chime logo on the team’s sweater, in addition to other marketing benefits. Without that deal it might be profitable.
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