Finally, the Digital Consumer Bank Cham has moved forward with its IPO by filing a S -1 paperwork on Tuesday. Cham had allegedly filed a secret S-1 paper action Back in December.
S-1 filing usually shows all kinds of information, which covers financial, legal and other risk factors. But Chime’s S-1 documents There are still many vacancies. We do not know how many shares are expected to sell or at what cost. The purpose of the chamele is to collect $ 1 billion in IPO expert Capital, Capital, Believes.
We do not even know how many shares intend to sell as part of the IPO. This includes its major supporter, a list that includes billionaire Yuri Millner’s DST Global, Michael Starc’s cross -link capital, billionaire Lane Bilutank’s access industries as well as General Atlantic, Menlo Ventures (led by Board Member Sean Caroline), China French Innovation Fund, and China French Innovation Fund.
According to Pitch Bok’s estimates, Cham raised a total of $ 65 2.65 billion as a private company, including its last increase in 2021, which costs $ 25 billion. As a result, there are many more VCS on the table table. They too can be included in big salaries. For example, both of Kirsten Green’s Fournor Ventures and Hunter Walk’s Humbrews claim to be as a Portfolio Company.
Chalam offered a detail that shows that the company believes it will be a huge IPO. Champs added the list of big name investment bankers, including Morgan Stanley, Goldman Saxes, and JP Morgan.
Finance shows why investors can be excited. The company ended 2024 with income of $ 1.67 billion and $ 25 million, compared to 2023 revenue of about $ 1.3 billion and a loss of $ 203 million. Its 2025 first quarter revenue was already $ 519 million. So, by Silicon Valley MathWhich keeps it on track of $ 2 billion this year and nearly profit.
CHIME offers users testing, savings, debit, and credit cards and claims 8.6 million active users.
An interesting revelation in paperwork. Its board member Cynthia Marshall served as the CEO of Dallas Morex from 2018 to December 2024. In the meantime, Cham became a extraordinary sponsor. He paid about $ 33 million in three years (2022-2024), which, in addition to other marketing benefits, he won the Champor logo in the team’s jersey. Without this deal, it may have already been profitable.