visimoney
TLDR:
- Chime Financial plans to launch its IPO in the US in 2025.
- Chime had put its IPO plan on hold in February 2022 during a “FinTech winter.”
Chime Financial reportedly plans to launch its initial public offering (IPO) in 2025 in the United States. The FinTech company, valued at $25 billion in 2021, had delayed its IPO plans due to changing market conditions, including the technology boom fading as interest rates and inflation increased. Despite facing challenges, Chime’s co-founder, Chris Britt, stated in December that the company was ready for an IPO. The market for IPOs is now recovering, and tech companies like Chime are looking to accelerate their plans to go public. Chime also recently introduced new features, including a fee-free cash-back program and an in-app tax filing pilot program. This move signifies Chime’s commitment to innovation and growth in the FinTech industry.
