Greetings, Term Sheeters. This is finance reporter Luisa Beltran, subbing for Allie.
Chime Financial waited years to go public and ended its first day of trading on Thursday with a $16.1 billion valuation. That’s 36% lower than the $25 billion valuation Chime snagged in 2021, when it was a buzzy fintech unicorn.
Still, the Chime IPO is being celebrated as a win for the company—and more importantly, as a clear signal that the public equities market has cracked open for new issues, especially those in the fintech category.
Dan Dolev, a senior analyst in fintech equity research at Mizuho Securities, said the IPO market is open for fintechs. “There is a lot of thirst for fintech IPOs. If you are going to do a fintech IPO, this is the Chime,” Dolev quipped.
Shares of Chime opened Thursday at $43, up 59% from its $27 offer price. The stock soared to an intraday high of $44.94 before losing momentum, closing at $37.11.
Shawn Carolan, a partner at Menlo Ventures who le
We współpracy z: https://fortune.com/2025/06/13/chime-rises-37-as-the-ipo-market-opens-up/
