Chime began trading on Thursday under the ticker symbol CHYM, with an initial public offering (IPO) priced at $27 per share, surpassing expected ranges. The fintech company raised approximately $700 million in new capital, valuing it at around $11.6 billion.
In its Nasdaq debut, Chime shares jumped 37% to close at $37.11. This comes as the company aims to expand its online banking services, targeting Americans earning less than $100,000 annually – a group often overlooked by traditional banks.
Chime’s CEO Chris Britt attributed the success to building a loyal customer base through its direct deposit and primary account relationship offerings. The company reported $518.7 million in revenue for the most recent quarter, with net income narrowing slightly. Chime has improved its adjusted profit margin by 40 points over two years.
The company’s top institutional shareholders include DST Global and Crosslink Capital. Analysts believe that if the IPO goes well, it will set a tone for other fintech players to follow suit, including Klarna and Gemini.
Source: https://www.cnbc.com/2025/06/12/chime-opens-at-43-in-nasdaq-debut-after-pricing-ipo-above-range.html