Chime, a digital consumer bank, has filed its S-1 paperwork for an IPO, having previously submitted confidential documents. Although details about share offerings remain unclear, industry estimates suggest a $1 billion target. Chime's financial performance shows improvement, with 2024 revenue at $1.67 billion and expected growth towards profitability in 2025. Backed by notable investors and investment banks, Chime provides consumer financial services and has amassed 8.6 million active users, signaling a strong market presence and growth potential.
Chime's S-1 filing indicates a potential IPO aiming to raise around $1 billion, reflecting the company's substantial private capital and growing financial performance.
Chime's revenue projections suggest strong growth, with 2024 finishing at $1.67 billion and a first quarter of 2025 bringing in $519 million, approaching profitability.
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