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Chime IPO: $864M Raised, $27 Share Price Signals Fintech Market Recovery

Chime IPO: $864M Raised, $27 Share Price Signals Fintech Market Recovery

2025-06-12 CoolPal

Chime IPO: $864M Raised, $27 Share Price Signals Fintech Market Recovery

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Photo by Jacopo Maiarelli on Unsplash

Chime, a major player in online banking, successfully completed its IPO, raising $864 million at a share price of $27—significantly exceeding the projected range of $24-$26. This values the company at $11.6 billion (fully diluted).

The IPO marks a significant event in the fintech sector, following a period of market uncertainty. This successful debut, alongside recent strong performances from eToro and Circle, suggests a thawing of the previously frozen IPO pipeline.

Chime’s offering included ~$700M in new shares and ~$165M from existing investor sales. While revenue increased 32% year-over-year to $518.7M, net income slightly decreased. The company’s primary revenue source is interchange fees, and it competes directly with established fintech players like PayPal, Square, and SoFi.

Post-IPO, Chime will have 332 million Class A shares outstanding. Major institutional investors include DST Global and Crosslink Capital. Morgan Stanley, Goldman Sachs, and JPMorgan Chase served as lead underwriters.

The IPO represents a substantial down round from Chime’s previous $25 billion private valuation, reflecting current market conditions. However, the successful offering indicates renewed investor confidence in consumer-facing fintech companies.

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Global Trends
Chime IPO, Chime Logo, Fintech IPO, Online Banking, Stock Market

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