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Chime Financial Priced, Nasdaq: CHYM

Provides a mobile banking platform offering fee-free accounts and financial tools.

Industry: Financials

Latest Trade: $34.45 -2.36 (-6.4%)

First Day Return: +37.4%

Return from IPO: +36.3%

Industry: Financials

We created Chime to help everyday people make progress in their financial lives. For too long, millions of Americans, including the 75% of the adult population that earn up to $100,000 annually, have struggled with bank relationships that are not always aligned with their best interests. So we set out to create a new approach, built on a foundation of trust rather than fine print and punitive fees. Through our direct relationships with FDIC-insured bank partners, we deliver easy-to-use products that address the most critical financial needs of everyday people -- spending, saving, accessing liquidity, and building credit, all while avoiding punitive fees. Since our founding, we are proud to have created some of the most impactful product innovations in consumer banking and payments. Through our broad suite of products, we have built trusted relationships with 8.6 million Active Members, with 67% of them relying on Chime to serve as their primary financial relationship as of March 31, 2025. In the first quarter of 2025, our Active Members used Chime for 54 transactions per month, on average, of which 75% were purchase transactions using Chime-branded debit and credit cards. Seventy percent of purchase transactions are for non-discretionary expenses made in categories such as food and groceries, gas, and utilities.
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IPO Data
IPO File Date 05/13/2025
Offer Price $27.00
Price Range $24.00 - $26.00
Offer Shares (mm) 32.0
Deal Size ($mm) $864
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 06/11/2025
Offer Price $27.00
Price Range $24.00 - $26.00
Offer Shares (mm) 32.0
Deal Size ($mm) $864
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Morgan Stanley
Goldman Sachs
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Company Data
Headquarters San Francisco, CA, United States
Founded 2012
Employees at IPO 1,465
Website www.chime.com

Chime Financial (CHYM) Performance