Neobank Chime's highly anticipated IPO raised $864 million, pricing shares at $27, exceeding expectations. Despite a lower-than-private valuation initial market cap of $9.8 billion, shares opened at $42, showcasing strong retail investor interest driven by impressive financials, including profitability in Q1 2025. Chime overcame early struggles, including near-failure before securing Series B funding. A pivotal seed investment from Lauren Kolodny of Aspect Ventures proved crucial to its survival and subsequent success.

Prepared by Christopher Adams and reviewed by editorial team.