Chime Financial on Monday kicked off the roadshow for its much anticipated IPO that could value the neobank at roughly $11 billion, a more than 50% drop from its $25 billion valuation in 2021. Chime is scheduled to begin trading on the Nasdaq on Thursday, June 12.
The impending IPO will offer 32 million shares at a price range of $24 to $26 each, according to a June 2 regulatory filing. (About 26 million is coming from Chime itself while stockholders are providing an additional 6 million.) At the top of its expected range, Chime could raise as much as $832 million.
