Chime valued at $18.4bn as stock surges on first day

June 13, 2025

Chime, the consumer financial technology company, saw its shares jump 59% in its long-awaited debut on the Nasdaq Global Select Market, according to a report from Reuters.

The company’s stock opened at $43 on June 12, well above its initial public offering price of $27, giving Chime a fully diluted valuation of $18.4bn.

The San Francisco-based digital bank had earlier priced its IPO at $27 per share, offering a total of 32 million Class A common stock. Of these, 25,900,765 shares were offered by Chime itself, while an additional 6,099,235 shares were sold by existing stockholders. Chime will not receive proceeds from the shares sold by these selling stockholders.

As part of the IPO, underwriters were also granted a 30-day option to purchase up to an additional 4.8 million shares of Class A common stock.

A consortium of major investment banks led the offering. Morgan Stanley, Goldman Sachs & Co. LLC, and J.P. Morgan acted as lead book-running managers, with Barclays serving as an additional book-running manager. Other bookrunners included Evercore ISI, UBS Investment Bank, Deutsche Bank Securities, Piper Sandler and Wolfe | Nomura Alliance. Co-managers for the offering were William Blair, Canaccord Genuity, Keefe, Bruyette & Woods (A Stifel Company), First Citizens Capital Securities, and Texas Capital Securities.

Founded on the principle of making core banking services more accessible, Chime has grown rapidly by offering fee-free products and avoiding punitive charges such as overdraft fees or minimum balance requirements. Member deposits are FDIC-insured through The Bancorp Bank, N.A. or Stride Bank, N.A., both Members FDIC, up to applicable limits.

Speaking to Reuters, Kat Liu, vice president at IPOX, said, “A strong debut could trigger a domino effect, prompting other high-growth firms to accelerate their IPO timelines and position themselves for a window that’s starting to reopen. If well-received, Chime could help reopen the IPO window for other long-delayed unicorns.”

Chime’s previously raised $650m in a funding round back in 2021, which had valued the company at $25bn. It was reported the company was discussing an IPO for that year at a potential valuation of $30bn.