Chime Financial is expected to debut on the Nasdaq today. The first public offer of the Fintech Company (IPO) is one of the most expected of 2025, and investors and market districts will eagerly wait to see how the new public shares perform on the first day of trade.
If it performs well, this may indicate a positive investor hopper for the public offer of technology and the IPO market as a whole. This is what about the IPO of Chime.
What is chime?
Chime Financial, Inc. is a fintech company. It was founded in 2012 and is located in San Francisco. The company offers banking products without the corresponding reimbursements that tackle traditional banks on accounts.
For example, many of the online bank services of Chime do not have a minimum balance or monthly service or redstand costs. These reimbursements are important drivers of income in traditional banks.
So how does chime generate income without them? The company says that its business model is mainly based on exchange costs, the costs that sellers pay when they accept a map payment.
The Chime services are accessible on the internet and also via iPhone and Android apps. Chime is not a bank, but rather offers banking services. It has partnerships with Bancorp Bank and Stride Bank.
A reduced market capitalization
With the IPO of Chime, the company is now appreciated at around $ 11.6 billion, according to to CNBC. However, that is less than half of his peak private valuation of $ 25 billion in 2021. In that year, Chime received a financing round of $ 750 million.
One reason for the high private valuation of Chime in 2021, compared to today’s appreciation, was the pandemic. As Fast Company noted earlier, fintech companies experienced an increase in the use of consumers in the early 2020s and attracted considerable attention from investors when the pandemic unfolded.
Much of that excitement for companies that are active in the fintech room has disappeared in the following years. The unrest on the 2025 market has also made investors more careful about companies that are active in the financing sector and the first public offers in general.
In May another fintech company, the online brokerage company Etoro Group (Nasdaq: Etor), became public for $ 52 per share. From the end of yesterday, Etor shares are traded at $ 62.96 per share.
Call the figures
On May 13, Chime has submitted a form F-1 With the US Securities and Exchange Commission (SEC). In the F-1 application, Chime reported the following statistics from 31 March 2025:
- Active Chime members: 8.6 million
- Active growth rate of the members since Q1 2022: 82%
- Buy Volume: $ 121 billion
- Average turnover per active member (ARPAM): $ 251
- Gross margin: 88%
- Transaction margin: 67%
When is Chime’s IPO?
Chime has priced its shares on Wednesday and is expected to start acting today: Thursday, June 12, 2025.
What is the Stock Ticker of Chime?
Chime’s stock ticker is “chym”.
Which exchange shares the shares on?
Chime shares trade on the Nasdaq Global Select Market.
What is the IPO share price of Chym?
The IPO price of chime is $ 27 per share. That is higher than the expected IPO price between $ 24 and $ 26.
The higher IPO price of $ 27 per share suggests that Chime believes that there is a greater hunger for its shares than before.
How many chym shares are available in his IPO?
According to a press release from the company, a total of 32 million chym was made available in the IPO.
Of those shares, chime offered 25,900,765 class A shares directly to the public. Existing shareholders of the company have set up the remaining 6,099,235 shares.
How much has chime lifted in his IPO?
Chime collected around $ 700 million in his first public offer. This consists of the proceeds of the 25.9 million shares that the company has sold directly.
Chime did not benefit from the sale of the 6 million shares sold by its existing shareholders.
How much is worth chim?
For the IPO price of $ 27, the market capitalization of chime is now appreciated at around $ 11.6 billion.
What else is to know?
This year, Chime is the newest in a number of metic -oriented IPOs. In addition to the aforementioned Etoro, Stablecoin Company Circle Internet Group went public earlier this month. Both shares have performed well since their debut, which stimulates hope on the IPO market broader sense.
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