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.

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.

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.

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 ...

Chime’s stock opened at $43, nearly 60% above its IPO price of $27. Shares pulled back a bit, but still ended the day up 37% to just above $37. That values the company at about $13.5 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.

Chime’s IPO was valued at $11.6 billion, but that is a very steep discount from the $25 billion valuation it held as a private company in 2021. For many, a lower valuation threw up a red flag.

Several companies have been involved in IPOs across 2025, leaving investors with a wide range of options to choose from.

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 ...

The online banking provider priced its IPO at $27 per share, above the expected range. Chime raised approximately $700 million in new capital in a deal valuing the company at about $11.6 billion.