Chime Prices IPO: $27 Per Share Valuing Company at $11.6 Billion Ahead of Nasdaq Debut

Chime, founded in 2012 by Christopher Britt and Ryan King, has officially priced its IPO at $27 per share, resulting in a valuation of approximately $11.6 billion on a fully diluted basis. The offering consists of 32 million Class A shares, with 25.9 million primary shares and 6.1 million secondary shares sold by early investors. This pricing raised a total of $864 million: $700 million from new stock and $165 million from existing shareholders.