After a quiet period in the IPO market during 2022–2023, the year 2024 marked a notable rebound, particularly among fintech and crypto companies. While valuations are now more conservative compared to the peaks of 2021, investor interest has returned—this time with a focus on mature and profitable business models.
🇺🇸 Chime: A Mature Fintech with a Sustainable Model
U.S.-based fintech Chime has announced the terms of its IPO, planning to offer 32 million shares at a price range of $24 to $26 per share. This implies a valuation of approximately $9.5 billion—significantly lower than its $25 billion private valuation in 2021.
Still, Chime shows strong fundamentals:
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$1.67 billion in revenue for 2024
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8.6 million active users
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A clear value proposition for underbanked Americans earning under $100,000/year
Chime is not a licensed bank but partners with The Bancorp Bank and Stride Bank to deliver its services. Its IPO marks the shift in the market toward business models that generate sustainable value over hype.
🌐 Circle: Crypto Meets Public Markets
Circle Internet Group, the issuer of the USDC stablecoin, is also going public. The company plans to sell 32 million shares at $27 to $28 per share, targeting a valuation of $7.2 billion and raising approximately $880 million.
Circle is already profitable:
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$64.8 million in net income in Q1 2025
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$578.6 million in quarterly revenue
With investors including Coinbase, BlackRock, and Fidelity, Circle’s IPO underscores the increasing legitimacy of crypto infrastructure in traditional capital markets.
📈 eToro: A Successful Nasdaq Debut
Israeli-based eToro, a social investment and crypto trading platform, debuted on Nasdaq in 2024, raising over $600 million at a $4 billion valuation. Offering multi-asset trading—from equities to cryptocurrencies—eToro’s listing illustrates renewed investor confidence in global fintech firms.
🇮🇳 MobiKwik: Investor Appetite in Emerging Markets
Indian fintech MobiKwik launched its IPO with overwhelming demand:
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$67 million raised
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$4.7 billion in bids
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Oversubscribed by 120x
Competing with major players like Paytm and PhonePe, MobiKwik offers digital payments and lending services in one of the world’s fastest-growing fintech ecosystems.
Strategic Takeaway: IPOs Remain a Powerful Growth Tool
The resurgence of IPOs in 2024 shows that going public remains a strategic move for established fintech and crypto companies. Although valuations are now more grounded, investors are rewarding transparency, profitability, and clear value delivery.
For companies considering a public listing, timing and preparation are key. Public markets can unlock capital, increase credibility, and provide liquidity for shareholders.
In a recovering IPO landscape—especially in the U.S.—well-positioned fintechs have a unique opportunity to scale and lead with confidence.
