Chime prices IPO at $27 per share, valuing fintech company at $11.6 billion ahead of Nasdaq debut

Company Overview - Chime priced its IPO at $27 per share, exceeding the expected range, which values the company at $11.6 billion [1] - The IPO raised approximately $700 million, with an additional $165 million in shares sold by existing investors [1] - The stock is set to begin trading under the ticker symbol CHYM [1] Industry Context - The IPO occurs after a prolonged freeze in the fintech IPO market due to rising interest rates and valuation resets, which kept many late-stage companies from going public [2] - The market is showing signs of recovery, as evidenced by eToro's 29% increase in its Nasdaq debut last month and Circle's positive market performance [2] - In contrast, online lender Klarna has postponed its IPO plans and reported significant quarterly losses last month [2]