Chime Closes 37% Higher After IPO Prices Above Expected Range

Chime Closes 37% Higher After IPO Prices Above Expected Range · Investor's Business Daily

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Chime Financial soared more than 35% in its first day of trading Thursday after the company went public at $27 per share, above the expected range of $24 to $26 for the much-anticipated trading debut. The fintech opened at 43 and closed at 37.11, an increase of 37% above the IPO price. Chime had previously raised funding at a much higher valuation of $25 billion.