Skims, Chime Take New Steps to 2025 IPOs

The bankers, lawyers and other advisers who usher tech companies through initial public offerings have already written off 2024 as another lost year. That has put an added spotlight on which companies are taking new concrete steps to list publicly next year.

The lineup is starting to take shape: Skims, the apparel company co-founded by Kim Kardashian, is preparing to interview banks to lead an initial public offering that could come as soon as the first half of next year, according to two people at one of the banks and a person close to Skims. Chime, the fintech valued at $25 billion in 2021, is also gearing up to make its public debut in 2025 and has told banks to prepare their pitches to lead the IPO, a person familiar with the matter said.