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Fortune
Fortune
Luisa Beltran

Chime rises 37% as the IPO market opens up

Chime IPO fintech Circle Dan Dolev Menlo Ventures
Ryan King, co-founder of Chime Financial Inc., center left, and Chris Britt, cofounder and chief executive officer of Chime Financial Inc., center, during the company's initial public offering at the Nasdaq (Credit: Bloomberg/Getty Images)

Greetings, Term Sheeters. This is finance reporter Luisa Beltran, subbing for Allie.

Chime Financial waited years to go public and ended its first day of trading on Thursday with a $16.1 billion valuation. That’s 36% lower than the $25 billion valuation Chime snagged in 2021, when it was a buzzy fintech unicorn. 

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