The fintech IPO market is heating up. Chime, the digital banking services company, has filed its S-1, signaling its intent to raise an estimated $832 million in its upcoming IPO on NASDAQ. The company looks to offer 32 million shares priced between $24 and $26, targeting an $11.2 billion valuation. This follows the successful IPOs of online brokerage firm, eToro and stablecoin issuer Circle.
Chime’s S-1 filing dives into the company's financials, market position, and, notably, the significant equity stakes held by its key shareholders. Here's a breakdown of what Chime's executives and major investors stand to own if the company goes public at the high end of its range.
Chime’s Executives + Directors
Chris Britt, Chime's Co-founder and CEO, is positioned to be the largest individual beneficiary among the company's founders and employees. As detailed in the S-1, Britt has been instrumental in guiding Chime's growth over its 13-year history, building it into a mobile-first banking leader. Based on a $26 share price, his equity stake is estimated to be worth around $530 million. Fellow co-founder Ryan King stands to own a stake worth approximately $480 million.
In addition to the two co-founders, other key executives like Mark Troughton, Chief Operating Officer, and Matthew Newcomb, Chief Financial Officer, have helped steer Chime towards its public offering. According to the S-1, these executives hold substantial equity, with their stakes estimated to be worth $82 million and $79 million, respectively.
Circle’s Biggest Investors
The S-1 filing highlights several prominent investors who own sizable stakes in Chime's IPO. Key institutional investors include DST Global, which led Chime’s Series D round and owns a stake valued at over $1.3 billion pre-IPO. Crosslink Capital, AI Bells, General Atlantic, Menlo Ventures and Cathay Innovation are other large shareholders. Cathay Innovation will reportedly sell 6.1 million shares in the IPO offering.
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Source: Chime S-1 Filing as of June 2, 2025. Based on Class A and Class B Common Stock outstanding as of April 30, 2025, assuming shares trade at $26/share.
This is not intended to predict or project the performance of Chime. Not all pre-IPO companies will go public or be acquired, and not all IPOs or acquisitions are or will become successful investments. There are inherent risks in pre-IPO investments, including the risk of loss of the entire investment, illiquidity, and fluctuations in value and returns.
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