<ul data-eligibleForWebStory="true"><li>Chime Financial made a strong debut on the Nasdaq, rallying 37% on its first day after an $864 million IPO.</li><li>The digital banking startup priced its shares at $27, opened above the announced range, and closed at $37.11 per share.</li><li>Founded in 2012 by Britt and King, Chime offers online banking products and money management services through US national bank partnerships.</li><li>Chime earns mainly from interchange fees, avoiding overdraft, service, and minimum balance fees, to provide affordable banking services.</li><li>The company facilitated transactions worth $121 billion in the year ended March 31, 2025, serving 8.6 million customers.</li><li>Investors such as DST Global, General Atlantic, and Iconiq are involved with Chime, reflecting the growth from past rejections to successful IPO.</li><li>Chime's financial performance signals sustainable growth, as seen in its rising revenues and shrinking losses over recent years.</li><li>Chime's listing rejuvenates the IPO market, potentially encouraging other fintech giants like Klarna, Gemini, and Medline to expedite their listing plans.</li></ul>

Chime, which almost sank in 2016, makes strong Wall Street debut; what changed?

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