Bloomberg reported on Friday that Chime is planning a 2025 IPO, based on “an individual conversant in the matter.”
Chime is the biggest consumer-facing fintech within the nation and this blockbuster IPO has been anticipated ever since their huge 2021 funding spherical that valued the agency at $25 billion.
In keeping with Ron Shevlin in an article yesterday, Chime has extra major accounts than Chase, with over 38 million clients. That might be greater than the opposite high 5 fintech corporations mixed.
Whereas Chime has not but employed funding bankers, CEO Chris Britt did say in an interview again in December that the corporate is IPO-ready.
Given the size that Chime is at at this time, it’s inevitable that the corporate will go public in some unspecified time in the future. However with the checkered historical past of different fintech IPOs the corporate is in no hurry to check these waters.
To be a big nationwide model, I feel it’s crucial for fintech corporations to go public. It provides a stage of gravitas and stability that may be obtained no different means.
After all, it additionally provides workers and buyers a chance for liquidity.
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