Chime Financial, a San Francisco-based digital banking platform, priced its initial public offering (IPO) at $27 per share on June 11, 2025, raising $864 million and valuing the company at approximately $11.6 billion. The IPO price was set above the expected range, marking the largest Bay Area IPO since 2020. Chime's shares debuted on the Nasdaq exchange on June 12, opening at $43 per share, a 59% increase over the IPO price, and surged as much as 66% during the trading day. This surge elevated Chime's market valuation to around $18.4 billion. The company's strong market debut has been seen as a positive indicator for the revival of the U.S. IPO market, particularly in the fintech sector. Chime serves approximately 8.6 million customers, generating about $2 billion in annual revenue with a 30% year-over-year growth rate and an 88% gross margin. Despite a previous peak valuation of $25 billion in private markets, the IPO valuation was roughly half that amount, reflecting a broader market adjustment. The company, which faced near bankruptcy in 2016 and was previously rejected by numerous venture capitalists, is now recognized as one of the most downloaded banking apps in the U.S. Chime's co-founder and executives have emphasized their commitment to reshaping everyday banking and unlocking financial progress for everyday consumers. Following the IPO, Chime's stock experienced a decline, falling nearly 8% at one point but remaining 18% above the offering price.