Chime, the U.S.-based digital banking platform, has officially filed for an initial public offering (IPO) on the Nasdaq under the ticker symbol CHYM, seeking a valuation of approximately $25 billion. The filing positions Chime as one of the most prominent fintech IPOs of 2025.
Financial Highlights (2024)
| Metric | 2023 | 2024 | Change |
|---|---|---|---|
| Revenue | $1.28B | $1.67B | +31% |
| Net Loss | $203M | $25M | -88% |
Chime's revenue surged 31 percent year-over-year, while its net loss narrowed significantly—an indicator of improved cost control and operational efficiency as it heads into public markets.
Strategic Partnership Disclosure
The IPO filing revealed a previously undisclosed $33 million sponsorship agreement with the Dallas Mavericks, which began in 2021. The three-year deal included:
- Jersey branding
- Community initiatives
- Joint marketing campaigns
This partnership helped increase Chime’s brand visibility across the U.S.
Market Context
Chime’s IPO comes amid renewed activity in the U.S. IPO market. With over 38 million users, the company is capitalizing on improved economic conditions, declining inflation, and revived investor interest in consumer-focused fintechs.
Other major fintechs like Klarna, Stripe, and Revolut are watching closely, as Chime's IPO could signal renewed confidence in the public viability of the sector.
Summary
| Aspect | Details |
|---|---|
| IPO Ticker | CHYM |
| Exchange | Nasdaq |
| Valuation Target | $25 billion |
| Users | 38+ million |
| 2024 Revenue | $1.67 billion |
| 2024 Net Loss | $25 million |
| Key Partnership | $33M Dallas Mavericks sponsorship |
| Market Significance | First major U.S. fintech IPO of 2025 |
Chime’s public debut is expected to be a litmus test for the broader fintech market, potentially paving the way for a wave of upcoming IPOs in the sector.