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Chime has been a closely watched IPO candidate for a few years after it won over customers unable to stomach the fees on overdrafts and accounts charged by most banks. The company scored a $25b valuation in 2021 at the peak of a technology boom which then faded as interest rates and inflation rose.
Co-founder Chris Britt said in an interview in December that the company was “as IPO ready as a company can be,” adding he was going to wait and see how the economy and stock market fared in the first half of 2024. “We are certainly at the scale to be a nice public company,” he said at that time.
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