Chime, whose pending ipo should be one of the successful success of 2025, released A price range on Monday from $ 24 to $ 26.
Than to market capitalization up to $ 11.2 billion. At Midrance, the company will collect $ 800 million for herself and a handful of investors, including European power VC Cathay Innovation, which plans to sell some actions in the IPO.
Also in these times IPO slow, this would not be the largest hypo of 2025. Coreweave, which collected $ 1.5 billion And it was evaluated at $ 23 billion, holds that title. This, even if Coreweave had hoped for much more by his ipo.
However, Chime’s ipo is one to watch since the company is reporting rapid growth in revenue and falling expenses. In 2024 he recorded $ 1.3 billion in revenue and $ 1.7 billion – and has already booked over $ 518 million in the first quarter of 2025. Losses reduced from $ 203 million in 2023 to $ 25 million in 2024.
The only black eye for Chime is that its latest private evaluation was $ 25 billion, according to PitchBook estimates, much higher than this goal. But this does not mean much. If investors are hot for this title, it will evaluate its ipo above the destination interval. And if retail investors want him on his first day of trading, his evaluation will be displayed from there.
And there is at least a strong indication that the insiders think it will do so: even with the thirst for liquidity in the company these days, apart from Cathay, The biggest shareholders of Chime are notat this juncture, selling, according to his Last deposit. We will see if another deposit reveals more internal sales. But other important investors who keep their participation include the Global DST by Yuri Milner of the billionaire, the CrossLink capital of Michael Stark and the billionaire Len Blavatnik Access Industries, as well as the VC General Atlantic companies, Menlo Ventures (led by the member of the Council Shawn Carolan) and Iconiq, according to the waste.
The IPO should currently take place during June 9th.
