KEY TAKEAWAYS
- Fintech firm Chime opened at $43 per share in its Nasdaq trading debut Thursday, well above its IPO price of $27 per share.
- The online banking startup raised around $700 million in the IPO from the sale of 25.9 million shares, while existing investors sold about 6.1 million shares for nearly $165 million.
- Shares of companies that listed recently, like USDC stablecoin issuer Circle Internet Group, Israel-based retail trading platform eToro, and space and defense tech firm Voyager Technologies, all surged in their trading debuts.
Fintech firm Chime opened at $43 per share in its Nasdaq trading debut Thursday, well above its initial public offering (IPO) price of $27 per share. Shares recently were trading hands at $40.50, up 50%.
The online banking startup, which started trading under the ticket symbol “CHYM, raised around $700 million from the sale of 25.9 million shares in its IPO, while existing investors sold about 6.1 million shares for nearly $165 million.
Last week, Chime said the IPO price was expected to be between $24 and $26 per share.
IPO Market Has Been Picking Up Recently
Shares of companies that debuted recently, like USDC stable coin issuer Circle Internet Group (CRCL), Israel-based retail trading platform eToro (ETOR), and space and defense tech firm Voyager Technologies (VOYG), all soared in their first day of trading.
Deal volumes are also at a multi-year high. So far in 2025, U.S. IPOs have raised $26.5 billion, the largest level since 2021, when a record $147.6 billion of funds were raised in the same year-to-date period, according to Dealogic data.
In its prospectus last month, Chime reported 2024 revenue of $1.67 billion and a $62.2 million loss from operations. The company noted that it averaged $251 in revenue for each of its 8.6 million active members.
UPDATE—June 12, 2025: This article has been updated to reflect that shares have started trading.
Leave a Reply