Chime shares soar 59% in Nasdaq debut
June 12 (Reuters) - Chime Financial's CHYM.O shares rose 59% in their Nasdaq debut on Thursday, extending a winning streak for the latest U.S. stock market entrants. The digital bank was valued at $18.4 billion on a fully diluted basis in the debut. It raised $864 million in its initial public offering on Wednesday, pricing shares above its marketed range. (Reporting by Manya Saini and Niket Nishant in Bengaluru; Editing by Anil D'Silva) ((Manya.Saini@thomsonreuters.com; X: manya__saini;))
Recent news on Chime Financial
See all newsJ.D. Power sues Chime Financial over '#1 ranking' claims
Brief: Tiger Global Raises Stake In Applied Materials, Cuts in Take-Two Interactive
Chime Financial posts first quarterly profit on MyPay, loan demand
Chime reports maiden quarterly profit on resilient consumer spending (updated)
Chime banks on resilient consumer spending to post maiden quarterly bottom line