Chime IPO Tests Fintech Market as It Debuts at $11.6B Valuation

Chime priced its IPO at $27 per share, valuing the online banking services provider at $11.6 billion, with trading set to begin Thursday under ticker CHYM. The offering, which raised roughly $700 million, follows fintech IPOs from eToro and Circle and marks a key test for investor appetite after years of delayed listings and valuation cuts. Chime’s revenue rose 32% to $518.7 million last quarter, as it competes with PayPal, Square, and SoFi through no-fee banking services and interchange-driven revenue.