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Chime has been reported to be aiming to go public in 2025, with Morgan Stanley to lead its initial public offering (IPO).
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Bloomberg cited this to unnamed sources. PYMNTS reported Chime declined to comment when contacted.
Chimes’s valuation raised from $750 million at $25 billion in 2021 and previously tapped Goldman Sachs for a possible IPO in 2022.
In May 2024, the fintech paid more than $4.5 million in settlement Consumer Financial Protection Bureau for illegally delaying consumer refunds. In July 2024, Chime bought enterprise employee rewards platform Salt Labs.
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