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