Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
Times have changed to those who are worth $ 25 billion worth $ 25 billion in the cost of $ 25 billion in 2021. In the same year, more than 1,000 companies in the US stock market came to the IPO market. Shime was expected to be one of these companies, but he chose to wait. Four years later, Chime’s assessment is half, as a circle of the IPO market, a list of the list, trying to withdraw with several large names with several major names.
New problems have become some strong performances over the past month. Public proposals of online broker Group building, HINGE HEALTH and MntnThe closed television advertising platform was superior to the IPO prices, each of the IPO, each of the IPO during the relevant debuts, each three, and three. When will one of the biggest tests for IPOs next week Turn overThe issue of Crypto Stablecoin is the issuer of USDC, starting on June 5. The circle can increase $ 624 million worth $ 624 million worth about $ 6.7 billion. Circle IPO is overtime, Bloomberg declare.
In this positive background, it is expected to start the road show soon. Then, how much will provide how much the share will be sold, including its waiting IPO, and how much will be sold. Fintech will trade Half Under the ticker chym.
Average market trade
Founded in 2012, Chime offers traditional financial services such as free inspection and savings accounts, offers traditional financial services to reduce US consumers to earn up to $ 100,000. At the beginning, on March 33, there were 8.6 million active members, and two thirds trusts as a primitive bank the films of the regulation. About 70% of members use Chime to get food, grocery, gas and utilities. As of March 31, 1-thirds in San Francisco launched 1,465 employees or “Chimers” consisting of one-third, three offices.
Chime is not a bank and there is no bank charter. Instead, this partners with Bancorp Bank and Stride Bank to ensure their service.
“Chime is definitely a special cohort, a large brand inside the bank,” said Mizuho’s analytics that occurred in Fintech capital in Fintech’s capital. “They did a great job taking the name there.”
Perhaps the biggest question hanging on Chime is its assessment. Have chime accumulated $ 2.3 billion financing, including investors, including the General Atlantic, Tigl Global Management and Sequoia Capital. The last time in 2021 chime enlarged The money was worth $ 69.07, but it fell. An online market for sale on the forge to purchase and sell shares of private companies on an online market for sale on May 26 to $ 31.50. A special stock market in Hiive, the final accepted offer for finally in early March was $ 31. According to the speaker employee, Chime has $ 40 for shares, but there are permanent suggestions for sellers. This is most likely that the sellers show that the prices are expected to move higher.
Some believe that a company based on secondary market prices is misleading. The secondary market is considered less transparent It is a large number of shares that can not accurately represent the true value of a company that is more freely adjustable and sales from the state market.
In both cases, it shows that the value of more than 31 or $ 31.50 for Chime is reduced. Chime, the general assessment of Fintech is not known, and how much the share of this is the stock.
“As many companies, the highest assessment of high assessment, in 2021,” said two IPO-focus ETF (NYSE IPO, IPO, IPO, high IPO strategy in the renaisser capital of IPO
Chime refused to comment.
A large number of competitions
Income consumers were more crowded in the field of companies offering less service. The green point that targets this segment since 2001, right now It is sold for. (Chris Britt, Chime’s Cootounder and CEO, before used both in the green point and Visa.) One of Chime’s larger competitors is a cash application that targeted the same group of low-income consumers. Comes for cash app in 2024 Rose 11% Most of them, about $ 10.1 billion, about $ 10.1 billion from Bitcoin trade. BlockHe has previously known as a square and has a money application.
“Cash application makes it difficult to compete so that it is built,” Dolev said.
Mizuho’s Dolev, Debit Card Cash Application, has a more branching income flow than an unregulated exchange-term, unregulated period – has a more diversified income flow than an unregulated term – a federal capote. Dolev estimates that the Panic’s net card is about 1% of each dollar in debit card operations, large banks are covered with 21 cents for an operation. For example, if a consumer uses a chime debit card to get a $ 50 grocery in the supermarket, Fintech is about 50 kopecks.
Chime, the Kennedy of the Renaissance capital, the first in the United States to make the people through a traditional IPO is the Neobank. (NU Holdings, Brazil, went to the public in 2021, but it is targeted in Latin America.) Other NeoBanks, now includes more information or more information about BNPL, Klarna for services. Klarna is reported to be belated By the end of 2025. Revolut, London Fintech is a licensed bank in the EU and is wide prevented Going to the public, but still set a date.
In 2024, in 2024, in the first quarter of about $ 16 million in the first quarter of $ 16 million in the first quarter, the net income is harmless with one-year oppression with $ 25.3 million.
Income for the lawn reached $ 1.7 billion for FISCAL 2024, and increased quarterly, up to 32% to 32% to 32% to $ 518.7 million. Most revenue comes be substituted. “I think we would like to see more progress on the bottom line and the net income, but I do not see any big red flag,” said Renaissance’s Kennedy.
This story was first displayed Fortune.com
