Chime's $11.2B IPO Set to Test Fintech's Resilience Amid Market Revival

Digital banking startup Chime Financial aims for a $11.2 billion valuation in its upcoming IPO. The company, which offers accessible banking products without traditional fees, is seeking to raise $832 million by selling 32 million shares priced between $24 and $26 each. Chime's IPO reflects the fintech sector's resilience amid market volatility and a recent revival in the US IPO market.

San Francisco-based digital banking startup Chime Financial has filed plans to list on the Nasdaq under the ticker symbol CHYM, aiming for a valuation of up to $11.2 billion on a fully diluted basis. The company, which offers accessible banking products without traditional fees, is seeking to raise $832 million by selling 32 million shares priced between $24 and $26 each [2].

Chime's IPO reflects the fintech sector's resilience amid market volatility and a recent revival in the U.S. IPO market. The company, which offers fee-free checking and savings accounts, was founded in 2013 by Chris Britt and Ryan King. It has built a strong brand around its mobile-first banking experience, targeting lower-income consumers who earn up to $100,000 a year [1].

Chime's IPO comes as public market activity shows signs of life again. After a shaky April, investor appetite seems to be returning, helped along by a calmer stock market. Recent listings like eToro have been well received, and analysts say the stage could be set for more companies to follow, assuming the market holds steady [2].

Chime's backers include DST Global, General Atlantic, and ICONIQ Capital. The company's last private funding round was in 2021, when it raised $750 million at a $25 billion valuation. The IPO target signals a more measured approach—a discount that could make the deal more appealing in a cautious market [2].

Chime plans to use some of the proceeds to cover taxes tied to employee stock units. Morgan Stanley, Goldman Sachs, and J.P. Morgan are leading the underwriting [2].

References:
[1] https://finance.yahoo.com/news/chime-ipo-investors-know-31-100000657.html
[2] https://techstartups.com/2025/06/02/digital-banking-startup-chime-files-for-ipo-targeting-11-2b-valuation-in-long-awaited-nasdaq-debut/