Chime IPO: Stock price today as financial services startup makes closely watched Nasdaq debut
Chime Financial is expected to debut on the Nasdaq today. The fintech company's initial public offering (IPO) is one of the most anticipated of 2025, and investors and market watchers will be eagerly waiting to see how the newly public stock performs on its first day of trading.
Starbucks just developed an ingenious way to add 15 grams of protein to almost any drink
5 ways to rewire your brain for happiness
RIP to the almost future of computing: Apple just turned the iPad into a Mac
If it performs well, it could signal positive investor appetite for technology public offerings and the IPO market as a whole. Here's what to know about Chime's IPO.
Chime Financial, Inc. is a fintech company. It was founded in 2012 and is based in San Francisco. The company offers banking products without the associated fees that traditional banks tack onto accounts.
For example, many of Chime's online banking services don't have a minimum balance, or monthly service or overdraft fees. These fees are major drivers of revenue at traditional banks.
So how does Chime generate revenue without them? The company says its business model is primarily based on interchange fees, which are the fees that merchants pay when they accept a card payment.
Chime's services can be accessed on the web and also via iPhone and Android apps. Chime is not a bank but rather offers banking services. It has partnerships with Bancorp Bank and Stride Bank.
With Chime's IPO, the company is now valued at approximately $11.6 billion, according to CNBC. However, that is less than half of its peak private valuation of $25 billion in 2021. In that year, Chime received a funding round of $750 million.
One reason for Chime's high private valuation in 2021, relative to its valuation today, was the pandemic. As Fast Company previously noted, in the early 2020s, fintech companies experienced a surge in service usage from consumers and garnered significant attention from investors as the pandemic unfolded.
Much of that excitement for companies operating in the fintech space has subsided in subsequent years. The market turmoil of 2025 has also made investors more cautious about companies operating in the finance sector and initial public offerings in general.
In May, another fintech company, the online brokerage firm eToro Group (Nasdaq: ETOR), went public for $52 per share. As of yesterday's close, ETOR shares are trading at $62.96 per share.
On May 13, Chime filed a Form F-1 with the U.S. Securities and Exchange Commission (SEC). In the F-1 filing, Chime reported the following metrics as of March 31, 2025:
Active Chime members: 8.6 million
Active member growth rate since Q1 2022: 82%
Purchase volume: $121 billion
Average revenue per active member (ARPAM): $251
Gross margin: 88%
Transaction margin: 67%
Chime priced its shares on Wednesday and is expected to begin trading today: Thursday, June 12, 2025.
Chime's stock ticker is 'CHYM.'
Chime shares trade on the Nasdaq Global Select Market.
Chime's IPO price is $27 per share. That's higher than the expected IPO price of between $24 and $26.
The higher IPO price of $27 per share suggests that Chime believes there is a greater appetite for its shares than previously thought.
According to a company press release, a total of 32 million CHYM were made available in its IPO.
Of those shares, Chime offered 25,900,765 Class A shares directly to the public. Existing company shareholders put up the remaining 6,099,235 shares.
Chime raised approximately $700 million in its initial public offering. That consists of the proceeds from the 25.9 million shares the company sold directly.
Chime did not benefit from the sale of the six million shares sold by its existing shareholders.
At its $27 IPO price, Chime's market cap is now valued at approximately $11.6 billion.
Chime is the latest in a number of closely watched tech-focused IPOs this year. In addition to the aforementioned eToro, stablecoin company Circle Internet Group went public earlier this month. Both stocks have performed well since their debut, raising hopes for the IPO market more broadly.
This post originally appeared at fastcompany.comSubscribe to get the Fast Company newsletter: http://fastcompany.com/newsletters
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Tom's Guide
an hour ago
- Tom's Guide
iOS 18.5 has landed — 5 ‘minor' features that are actually huge
iPhone software updates are often sold as game-changers, but the improvements that matter most tend to be quieter ones that smooth out daily friction. iOS 18.5 is a good example. Its new features might not seem impressive at first glance, but they quickly become the kind you rely on without thinking. They're smaller, smarter adjustments that address real-world annoyances—things like gesture controls that actually do what you expect, or email tools that feel intuitive rather than forced. It's the kind of refinement that shows Apple's focus on how people actually use their devices. In the end, it's often the most understated changes that improve your everyday experience. iOS 18.5 is full of these. Here's five features that may seem minor but are actually huge. Back Tap is one of iOS's most underused accessibility features, letting you perform quick actions by tapping the back of your phone. In iOS 18.5, Apple has added a small but helpful tweak: an on-screen alert that confirms when Back Tap has been activated — so you're no longer left guessing if your input registered. To turn on these alerts, open the Settings app, then tap Accessibility and select Touch. From there, scroll down and tap Back Tap, then toggle on Show Banner. You can still assign custom actions for double and triple taps from this screen. If you plan to keep your iPhone for several years, battery longevity matters — and this update gives you more control over it. iOS 18.5 introduces a new setting that lets you limit the maximum charge your phone reaches, which can help reduce long-term battery wear. To enable this, open the Settings app, then tap Battery and select Charging. You'll now see a slider that lets you set a charge limit between 80% and 100%. Just keep in mind that your phone won't charge beyond this limit unless you manually change it later. Screen Time has always helped parents manage their kids' device use, but now it adds an extra layer of visibility. With iOS 18.5, parents will get notified if their Screen Time passcode has been entered — a subtle way of knowing if a child has cracked the code. To make sure you receive these alerts, open the Settings app, then tap Screen Time. As long as Screen Time is enabled on your child's device and linked to your Apple ID, you'll receive a notification whenever the passcode is entered. The Mail app sees a minor but welcome change in iOS 18.5: more control over display settings, right from inside the app. Previously, toggles like contact photos required digging through the main Settings menu. Now, they're accessible with just a few taps. To find them, open the Mail app and tap the three-dot menu in the top-right corner of the screen. You'll see a new set of options, including the ability to toggle contact photos on or off, along with other layout preferences depending on your device setup. Apple regularly releases seasonal wallpapers, and iOS 18.5 includes a vibrant new option: Pride Harmony, available across iPhone, iPad, and Apple Watch. It's a small detail, but one that can freshen up your device's look. To apply it, open the Settings app, then tap Wallpaper and choose Add New Wallpaper. From there, scroll through the available options and select Pride Harmony, then tap Set as Wallpaper Pair to use it for both your Lock Screen and Home Screen. Now that you've learned about these iOS 18.5 features, why not take a look at our other useful iPhone guides?Check out 7 underrated iPhone features you're probably not using and I've been testing iOS 18 Photos — and these 5 features make a huge difference. And did you know you can speed up your iPhone by clearing its cache? Here's how to do it. Get instant access to breaking news, the hottest reviews, great deals and helpful tips.
Business Insider
an hour ago
- Business Insider
Why IONQ, RGTI and QBTS are Worth the Risk in Quantum Computing
Quantum computing stocks are high-risk, high-reward plays, where the tech still feels futuristic, but the potential upside could be transformative for your portfolio. While giants like NVIDIA (NVDA) and Alphabet (GOOGL) have stakes in the field, pure-play names like IonQ (IONQ), Rigetti Computing (RGTI), and D-Wave Quantum (QBTS) are gaining serious traction. Confident Investing Starts Here: Each is taking a distinct approach in a sector expected to grow significantly over the next decade. With quantum tech reaching what Nvidia's Jensen Huang recently called an 'inflection point,' these companies are riding a powerful wave of both investor excitement and tangible technological progress. IonQ (NYSE:IONQ) | The Trapped-Ion Powerhouse IonQ is shaping up to be the quarterback of the quantum computing world—everyone's watching, and for good reason. Their trapped-ion technology, which uses charged atoms suspended in electromagnetic fields, produces qubits with exceptional coherence times, translating to more stable and reliable calculations. They've already surpassed 100 qubits, and their systems are available across Amazon (AMZN), Microsoft (MSFT), and Google Cloud, making IonQ a top choice for developers building quantum applications. In Q1, IonQ posted $7.6 million in revenue and forecasted full-year revenue between $75–$95 million, nearly doubling last year's figure, while trimming losses to $0.14 per share from $0.19. The buzz lately? Their aggressive M&A strategy. IonQ recently acquired Lightsynq Technologies to accelerate the development of fault-tolerant quantum systems and invested $1 billion in Oxford Ionics to boost R&D, aiming to scale up to 2 million physical qubits by 2030. They've also forged partnerships with heavyweights such as AstraZeneca and Nvidia in quantum-powered drug discovery and secured a key contract under DARPA's Quantum Benchmarking Initiative. Yes, a $10.4 billion market cap is steep given current revenues, but the long-term thesis hinges on IonQ's strategic partnerships, cloud integration, and early mover advantage potentially paying off for investors willing to ride out the volatility. Is IonQ a Buy, Hold, or Sell? Currently, most analysts are bullish on IONQ stock. The stock features a Strong Buy consensus rating based on four Buy and one Hold ratings assigned in the past three months. No analyst rates the stock a sell. IONQ's average stock price target of $43 implies ~11% upside over the next twelve months, despite shares having already rallied about 400% since this time last year. Rigetti Computing (NASDAQ:RGTI) | The Superconducting Maverick Rigetti's story is a bit more turbulent, but still intriguing. Their superconducting gate-based systems are built for speed, executing operations in just 60–80 nanoseconds, far faster than ion-based platforms. That kind of performance is ideal for time-sensitive workloads, such as financial modeling and AI. As a vertically integrated company, Rigetti controls everything from chip design to cloud access, positioning itself for potential large-scale growth. Their 84-qubit Ankaa-3 system debuted in Q1, and they're targeting enterprise clients, including HSBC and Moody's. However, the financial picture is rough. Q1 revenue dropped 52% to $1.47 million, and the company reported a staggering $200.99 million net loss on just $10.79 million in revenue for 2023, highlighting a steep burn rate. Still, Rigetti isn't standing still. They landed a $35 million deal with Quanta Computer, secured a £3.5 million UK consortium lead focused on quantum error correction, and earned DARPA support—solid wins that keep them relevant. Looking ahead, analysts expect revenue to grow to $23 million in 2026 and $38 million in 2027. It's a high-risk play, but if execution improves, Rigetti could be at the start of a long-term turnaround. Is Rigetti Stock a Good Buy? On Wall Street, Rigetti stock carries a Strong Buy consensus rating based on five unanimous Buy ratings. No analyst rates the stock a hold or a sell. RGTI's average stock price target of $15 implies almost 24% upside potential over the next twelve months. D-Wave Quantum (NYSE:QBTS) | The Tempered All-Star D-Wave Quantum is taking a different path—and making no apologies for it. Their quantum annealing technology, designed for optimization tasks like supply chain logistics and drug discovery, is already producing real-world results. Their Advantage2 system, with over 4,400 qubits, recently completed a magnetic simulation in minutes—something a classical supercomputer would take a million years to solve, according to a Science journal paper. In Q1, revenue hit a record $15 million, a sixfold increase year-over-year, with strong momentum expected to continue. The stock has been on a tear, skyrocketing 1,281% over the past year, far outpacing IonQ's 402% and Rigetti's 840%. Their Leap cloud platform is available in 40+ countries and serves 25 Forbes Global 2000 clients, showcasing real commercial traction for quantum. But with a $5.22 billion market cap and a price-to-sales ratio nearing 200x, the valuation is steep and heavily speculative. The key question is whether D-Wave's annealing approach can hold its edge as gate-based systems advance. It's still early days, and the verdict remains uncertain—but for now, D-Wave is proving that practical quantum solutions might not be as far off as once thought. Is D-Wave a Good Stock to Buy? D-Wave is currently covered by six Wall Street analysts, all of whom hold a bullish outlook. The stock carries a Strong Buy consensus rating with all six analysts assigning a Buy rating over the past three months. However, QBTS's average price target of $13 suggests approximately 18% downside potential over the next twelve months. Why Roll the Dice? Quantum computing stocks are far from safe bets—they come with deep losses, sky-high valuations, and intense competition from tech giants like Google and IBM. Still, IonQ's enterprise-ready systems, Rigetti's speed-focused tech, and D-Wave's real-world traction make them standout players in a field with extensive long-term commercialization capacity. While the future of their revenues and profitability remains uncertain, all three deserve a spot on investor watchlists.
Yahoo
2 hours ago
- Yahoo
Arm Holdings (ARM) Gets a ‘Hold' from Benchmark—But Its AI Momentum Is Hard to Ignore
Arm Holdings plc (NASDAQ:) is one of the . On June 12, Benchmark analyst Cody Acree reiterated a 'Hold' rating on the stock. The rating reaffirmation follows a virtual conference call with the company's Senior Director of Investor Relations, Alexis Waadt. Expressing optimism regarding Arm's strong fundamental performance drivers, the firm highlighted Arm's impressive 96.98% gross margin and 23.94% year-over-year revenue growth. The firm particularly noted Arm's globally expanding licensing opportunities, robust position in the mobile market, as well as recent growth drivers in AI PCs, data centers, and more. The company also boasts diverse revenue streams and strategic partnerships, and holds the flexibility to navigate market challenges and leverage upcoming opportunities in the AI landscape. Analysts on Wall Street currently have a consensus 'Buy' rating on the stock. The average price target of $147 implies a 5.7% upside; however, the Street-high target of $180 implies an upside of 29.4%. Arm Holdings plc (NASDAQ:ARM) is a semiconductor and software design company that designs and manufactures semiconductor technology and other related products. While we acknowledge the potential of ARM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and Disclosure: None. 擷取數據時發生錯誤 登入存取你的投資組合 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤
