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@ Layer3.news
2025-06-14 03:35:28
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FINTECH CHIME CLIMBS 37% IN DEBUT AFTER $864 MILLION IPO
https://s.yimg.com/ny/api/res/1.2/lyJd9CDwdFaa7pOXqKyL9Q--/YXBwaWQ9aGlnaGxhbmRlcjt3PTEyMDA7aD04MDA-/https://media.zenfs.com/en/bloomberg_holding_pen_162/3f04554f2f5fd7f241a4318234189bfe
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✍️ Chime Financial Inc. rose 37% in its trading debut after pricing its shares above the marketed range, raising $864 million in the year's sixth-biggest US initial public offering.
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👉 Chime Financial Inc. raised $864 million in its IPO, making it the sixth-largest IPO in the US this year.
👉 The company's shares opened at $43 and closed at $37.11, giving it a market value of $13.5 billion.
👉 Chime's CEO, Chris Britt, emphasized the company's focus on the long term, despite the volatility in the stock market.
👉 The company's financial technology services include fee-less banking, which has been successful in attracting customers.
👉 Chime has 8.6 million active users, with an average age of 36.2 years old and 55% of them being female.
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#ChrisBritt #RyanKing #ShawnCarolan #YoonkeeSull #DonaldTrump #NewYork #SanFrancisco #Dallas #business
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