Is Chime a Public Company and Its IPO Status

Chime's IPO status is a topic of interest for many investors and individuals who use the banking service. Chime is not a public company, it is a privately held financial technology company.

Chime's parent company, Bancorp, is a publicly traded bank holding company, but Chime itself is not publicly traded.

Chime's growth and expansion have been rapid, and it has become one of the largest digital banks in the US.

Chime's IPO status is a bit of a rollercoaster. As of mid-2024, Chime wasn't a publicly traded company. Initially, Chime was set to go public in March 2022 with a valuation between $35 and $45 billion, but the company put those plans on hold due to challenging market conditions.

Chime had lined up investment bankers, including Goldman Sachs, to prepare for its IPO, but it delayed its plans indefinitely. The company is now waiting for the IPO market to heat back up again before considering its public offering. Chime is expected to be listed on the Nasdaq.

Co-founder Chris Britt stated in late 2023 that Chime was "as IPO-ready as a company could be" and was monitoring market conditions. Chime plans to launch an IPO in 2025 if conditions permit, although it hasn't yet started working with banks to lay the groundwork for that offering.

Chime is not currently a public company, having not yet announced an IPO date. It initially planned to debut in March 2022 with a valuation between $35 and $45 billion.

The company is expected to be listed on the Nasdaq, with Founder and CEO Chris Britt considering options including a direct listing, traditional IPO, and even SPACs.

Chime is not yet a publicly traded company. As of mid-2024, they were still preparing for their initial public offering (IPO).

Chime had initially planned to go public in early 2022, but due to challenging market conditions, they put those plans on hold. They were considering options like a direct listing, traditional IPO, and even SPACs.

You won't be able to buy shares of Chime in your brokerage account until they become a publicly traded company. However, accredited investors can sometimes buy pre-IPO shares on a secondary market like Forge Global or EquityZen.

On a similar theme: Can a Private Company Sell Shares to the Public

Chime has been rumored to be considering an IPO for a while now, and it's expected to be listed on the Nasdaq.

The company was initially set to debut in March 2022 with a valuation between $35 and $45 billion, but the poor market conditions put the brakes on that plan.

As of now, Chime hasn't announced an IPO date, but it's expected they'll go public soon. Founder and CEO Chris Britt stated that Chime was considering options including a direct listing, traditional IPO, and even SPACs.

Chime's customer growth has been impressive, and it has maintained a high percentage of primary customers who transact more frequently, which is a good sign for an IPO.

However, the fintech market has been in a deep freeze in recent years, and Chime will likely wait until the IPO market heats back up again before considering its public offering.

That could come as soon as 2025, when Co-founder Chris Britt stated that Chime was "as IPO-ready as a company could be" and was monitoring market conditions.

Chime has been making moves towards an IPO, including buying Salt Labs for as much as $173 million in 2024 as it expanded ahead of a potential IPO.