Finally, Digital Consumer Bank Chime has advanced with IT OPO by presenting its s-1 paperwork on Tuesday. According to the reports, Chime had presented the confidential paperwork S-1 in December.
S-1 presentations generally reveal all kinds of information, which cover financial, legal and others. But Chime S-1 documents still have many blank spaces. We do not know how many shares expect to sell or what price. Chime could be an objective of raising $ 1 billion, believes the specialist at IPO Renaissance Capital.
Nor do we know how many actions they plan to sell as part of the IPO. It includes its main sponsors, a list that includes the global DST of the billionaire Yuri Milner, the CrossLink capital of Michael Stark, the access industries of multimillionaire Len Blavatnik, as well as the Risk capital firm, General Atlantic, Menlo Ventes Fund and ICONIQ, the chordination of the documentation.
Chime raised a total of $ 2.65 billion as a private company, including its last increase in 2021 that valued it at $ 25 billion, pitchbook estimates. As a result, there are many more VC in your top table. They could also be in large days of payment. For example, the precursor of Kirsten Green and Hunter Walk’s Homebrew claim Chime as a portfolio company.
Chime offered a detail that suggests that the company believes that it will be a great IPO. Chime enlisted an army or renowned investment bankers, including Morgan Stanley, Goldman Sachs and JP Morgan.
Finance shows why investors can get excited. The company ended 2024 with $ 1.67 billion in revenues and $ 25 million in losses, compared to almost $ 1.3 billion in revenues and $ 203 million in losses in 2023. Its 2025 Firstarter revenues were $ 519.
Chime offers control cards, savings, debit and consumer credit and claims 8.6 million active users.
An interesting revelation in paperwork. The Member of the Board, Cynthia Marshall, served as CEO of the Dallas Mavericks from 2018 to December 2024. Chime became a sponsoring duration of Mavericks at that time. He paid around $ 33 million about three years (2022-2024), which won the chime logo in the team’s shirt, among other marketing benefits. Without that agreement, I could have a profitable leg.