The long-anticipated Chime IPO has officially begun. The $25 billion-valued neobank filed its S-1 registration with the SEC, confirming plans to go public and shaking up the 2025 fintech landscape. With fast-growing revenue, a leaner balance sheet, and millions of active users, Chime is poised to make one of the year’s biggest public market debuts.
Filing Targets $1B Raise With Top Bankers
Although the S-1 omits exact pricing and share volume, insiders expect the Chime IPO to raise around $1 billion, according to estimates from Renaissance Capital. What is clear, however, is the level of preparation: Chime has lined up powerhouse underwriters, including Morgan Stanley, Goldman Sachs, and JP Morgan—signaling strong ambition and institutional confidence.
The company’s latest filing follows a confidential submission from December 2024 and includes key growth figures that will appeal to investors looking for solid fintech bets in a still-volatile market.
Fintech Growth: Revenue Soars While Losses Narrow
Chime’s revenue jumped to $1.67 billion in 2024, while losses shrank dramatically to just $25 million, down from $203 million in 2023. And in the first quarter of 2025 alone, Chime reported $519 million in revenue, putting it on pace to surpass $2 billion by year’s end. That’s a rare growth and near-profitability combo in today’s tech IPO scene.
Chime’s platform offers modern alternatives to traditional banking, including no-fee checking and savings accounts, debit and credit cards, and budgeting tools—all designed for mobile-first users. Its customer base has grown to 8.6 million active users, a clear signal of consumer trust and retention.
Key Investors and Big Cap Table
The Chime IPO also pulls back the curtain on its investor roster. Major backers include DST Global (Yuri Milner), Access Industries (Len Blavatnik), Crosslink Capital, General Atlantic, Menlo Ventures (with board member Shawn Carolan), Iconiq Capital, and the Sino French Innovation Fund. Early investors like Forerunner Ventures and Homebrew are also positioned for major returns.
To date, Chime has raised $2.65 billion across multiple rounds, with its last funding in 2021 cementing its $25 billion valuation. With so many institutional backers involved, analysts expect significant secondary share activity when trading opens.
$33M Mavericks Deal Raises Eyebrows Ahead of IPO
One surprising detail in the filing is Chime’s $33 million sponsorship deal with the Dallas Mavericks, covering the years 2022–2024. The neobank’s logo appeared on the team’s jerseys and other marketing assets during that time. Interestingly, board member Cynthia Marshall was CEO of the Mavericks throughout the deal window.
Some observers have speculated that without this large marketing spend, Chime might have already crossed into profitability. Still, the deal underlines Chime’s aggressive brand-building strategy as it gears up for a major public debut.
What’s Next for Chime in 2025?
With strong financial momentum, a loyal user base, and big-name institutional support, the Chime IPO is one of the most watched in 2025. Investors now await pricing details and a trading date, but early signs suggest Chime could set the tone for the next wave of fintech IPOs.
