Chime Prices IPO Above Expected Range

Fintech firm Chime late Wednesday priced its initial public offering (IPO) at $27 per share, above the expected range, in the latest sign of a revival in new listings.

Chime is set to start trading Thursday under the ticker symbol “CHYM.” The online banking startup raised around $700 million from the sale of 25.9 million shares, 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 include data from Dealogic.