Chime Is Planning to IPO at an $11.2 Billion Valuation. 3 Things Investors Need to Know -- Is the Stock a Buy?
After years of anticipation, Chime is planning to go public at an $11.2 billion valuation in an offering that will attempt to raise $832 million of capital. Chime, which will list on the Nasdaq Stock Exchange under the ticker "CHYM," will issue as many as 32 million shares at an initial price that is expected to be between $24 and $26 per share, although things could change after management does its "road show," during which it will pitch itself to potential investors to try and drum up excitement.Chime has positioned itself as a more accessible bank for Americans earning up to $100,000. While the once-lofty valuations of many fintech companies have come down considerably the last couple of years, the promise of deregulation under the Trump administration could provide some tailwinds for the sector. Here are three things investors should know about Chime and whether the stock is a buy.Continue reading
After years of anticipation, Chime is planning to go public at an $11.2 billion valuation in an offering that will attempt to raise $832 million of capital. Chime, which will list on the Nasdaq Stock Exchange under the ticker "CHYM," will issue as many as 32 million shares at an initial price that is expected to be between $24 and $26 per share, although things could change after management does its "road show," during which it will pitch itself to potential investors to try and drum up excitement.
Chime has positioned itself as a more accessible bank for Americans earning up to $100,000. While the once-lofty valuations of many fintech companies have come down considerably the last couple of years, the promise of deregulation under the Trump administration could provide some tailwinds for the sector. Here are three things investors should know about Chime and whether the stock is a buy.
