A $25 billion valuation puts Chime one step closer to an IPO

As predicted, ServiceTitan is a beast A successful IPO attracts other fintechs advancing on their public debuts. Digital bank Chime has filed confidential documents with the SEC, Bloomberg reports. It is gearing up for an IPO in 2025, as it hired banker Morgan Stanley in September.

The IPO won’t become a reality until that paperwork becomes public and institutional investors agree to buy Chime at the asking price. That can be a tall order. Chime was last valued at $25 billion collected 1 billion dollars At the height of the 2021 valuation frenzy, it has raised a total of $2.65 billion, according to Pitchbook estimates. Its investors include Forerunner Ventures, Menlo Ventures, Crosslink Capital, Sequoia, Softbank, Tiger and others.

Chime declined to comment.