The company fintech Chime, valued at $25 billion, has chosen Morgan Stanley to orchestrate its anticipated IPO scheduled for 2025. Initially planned for 2023, this public listing has been postponed. With Morgan Stanley leading the project, Chime aims to reach a potential valuation of nearly $40 billion.
The fintech Chime, based in San Francisco, recently made headlines by announcing its partnership with Morgan Stanley for its IPO. This strategic initiative is planned for 2025, following initial forecasts for 2023. The neobank has postponed its IPO date to focus on its development and market values. This decision is part of a continuous growth strategy, aiming to capitalize on favorable winds for its valuation that could exceed $40 billion.
An Evaluation Worth Its Weight in Gold
Valued at no less than $25 billion during its last fundraising round, Chime aims to strengthen its position in the fintech market. The choice of Morgan Stanley as the leader for this IPO is based on a relationship of trust and recognized expertise in public listings. With competitors like Klarna also planning their IPO (source: pleasefintech), it is crucial for Chime to position itself advantageously.
A Look Towards the Future
Chime’s ambition extends beyond a mere introduction. The company aims for significant expansion of its services in the coming years. In collaboration with Morgan Stanley, it intends not only to attract investors but also to diversify its offerings, learning from successful examples in the sector, such as the planned IPO of Airwallex in 2026 (source: pleasefintech).
