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Revenues were up for the quarter, but stock compensation-related expenses brought the neobank to a negative net income.
Chime’s more modest first-day pop came after the neobank raised $864 million late Wednesday. The fintech sold 32 million shares at $27 each, $1 above its $24 to $26 price range.
Fintech company Chime Financial (NASDAQ: CHYM) listed on the markets about two weeks ago. While the stock surged nearly 40% above its IPO price of $27 to open at $43, it has corrected sharply ...
Insiders sold 6,099,235 shares, generating $165 million of liquidity for these shareholders. Chime is a neobank that offers bank-like services by partnering with other regulated firms.
Similarly, Chime stock popped by almost 40% in its public market debut. Of note, shares of Chime have sold off a bit in the days following its IPO, which is not atypical.
Several companies have been involved in IPOs across 2025, leaving investors with a wide range of options to choose from.
Chime’s projected IPO valuation, now hovering around $9.1 billion (and recent trades suggesting even lower figures between $5.34 billion and $6.7 billion), serves as a stark signal.
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Will Stripe SPAC or IPO in 2025?
While Circle stock went to the moon initially, it has since pulled back considerably (yet still trades much higher than its IPO price). Chime's action has been relatively muted, likely due to ...
Twelve years after launching with a mission to upend traditional banking, Chime is making its public market debut in a blockbuster IPO that values the fintech giant at over $18 billion.
With Chime’s IPO, the company is now valued at approximately $11.6 billion, according to CNBC. However, that is less than half of its peak private valuation of $25 billion in 2021.
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Circle's IPO euphoria revives debate over the stock "pop" - MSN
For context, neobank Chime popped 59% at the open on its first day of IPO trading but has since slumped down to a 9% gain. Digital health company Omada is actually trading below its IPO price.
Chime Financial’s CHYM-14.68%decrease; red down pointing triangle stock jumped in its stock-market debut Thursday, the latest sign the U.S. initial public offering market is awakening. Shares of ...
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