Digital bank Chime set to open above IPO price in Nasdaq debut
ReutersJun 12, 2025 3:27 PM
Digital banking startup Chime Financial CHYM.O set to open 55.6% above IPO price in their Nasdaq debut on Thursday
Stock recently indicated to open at $42 vs $27 IPO price, giving it a potential fully-diluted valuation of $18 billion
San Francisco, California-based Chime, along with some of its investors, sold 32 million shares to raise $864 million
Chime raised $750 million in a 2021 funding round at a $25 billion valuation
A robust debut for Chime would add to the recent streak of stunning first-day gains for new listings
Space tech firm Voyager's VOYG.N shares more than doubled on their debut on Wednesday
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