Chime is reportedly planning to go public in 2025, with Morgan Stanley set to lead the initial public offering (IPO).
According to Bloomberg, which cited unnamed sources, Chime has not provided comments when approached for clarification. The company’s valuation increased from $750 million to $25 billion in 2021, and it previously tapped Goldman Sachs for a potential IPO in 2022.
In May 2024, Chime paid over $4.5 million to the Consumer Financial Protection Bureau to settle allegations of illegally delaying consumer refunds. Additionally, in July 2024, the company acquired enterprise employee rewards platform Salt Labs.