Chime, IPO
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It's fair to say that investor demand for long-awaited IPOs is back. Online banking company Chime (NASDAQ: CHYM) finally went public after years of stagnation in the fintech IPO pipeline, and to call it a successful public debut would be a bit of an understatement.
Fintech firm Chime opened at $43 per share in its Nasdaq trading debut Thursday, well above its IPO price of $27 per share.
Chime Financial, Inc. is a disruptive fintech with a simple, scalable business model targeting underserved Americans. Learn more on CHYM stock here.
Chime Financial (CHYM) begins trading on the Nasdaq on Thursday, a positive signal for the initial public offering (IPO) market and the consumer-facing fintech space. Chime CFO Matt Newcomb joins Wealth with Allie Canal to discuss why the company chose now to go public,
After Circle’s standout IPO performance last week, all eyes are turning to Chime Financial. The well-known neobank is scheduled to begin trading on Thursday and could benefit from a rush of IPO excitement.
At 7-8.5x sales, Chime Financial, Inc. is richly valued versus peers like SoFi. Click for why I see potential, but would wait for a significant CHYM price pullback.