Chime opens at $43 in Nasdaq debut after pricing IPO above expected range
1. Chime debuted at $43, raising $700 million in its IPO. 2. Valuation dropped to $11.6 billion from $25 billion in 2021. 3. Chime reported $518.7 million in revenue, a 32% annual growth. 4. Company has a loyal user base, focusing on low-income Americans. 5. Chime's IPO may influence future fintech IPOs depending on market performance.