Chime IPO date is to be announced. The company does not have a ticker symbol or stock code.
Chime is a US-based financial technology company and mobile banking platform that provides users with fee-free checking and savings accounts. With no hidden fees, overdraft charges or minimum balance requirements, Chime prioritizes financial accessibility. Its services include early direct deposit, an automated round-up savings feature and a user-friendly mobile trading platform. Chime was founded by Chris Britt and Ryan King in 2012 in San Francisco, California.
Once Chime goes public, you'll need a brokerage account to invest. Consider opening a brokerage account today so you're ready as soon as the stock hits the market.
June 21, 2024: In May, Chime announced MyPay, where users can access their earned wages ahead of their payday. More than 2.2M people signed up for the waitlist, according to Crowdfund Insider.
May 15, 2024: Chime is now offering consumers the option of accessing as much as $500 of their paychecks before they arrive. It’s the first time Chime has veered into offering a service known as earned-wage access, according to Bloomberg.
May 7, 2024: Chime Financial will pay at least $1.3 million in redress to consumers and $3.25 million in penalties as part of a settlement with the Consumer Financial Protection Bureau (CFPB). The CFPB found that the nonbank company illegally delayed customer refunds when customers closed their accounts, withholding these balance refunds longer than the 14 days its policy specified until 2021, according to PYMNTS.
Chime, which is based in San Francisco, raised $750 million in a funding round in August 2021, bringing its valuation up to $25 billion. The company has had several funding rounds in recent years, fueling speculation that an IPO is coming soon. But the company hasn't confirmed any near-term plans yet.
We'll update this story as new details emerge.
As a private company, Chime’s financials are not public.
It's impossible to predict how any stock will perform — and IPOs can be particularly volatile. Looking at the performance of similar companies can help you decide if now is a good time to buy Chime stock.
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