Chime's IPO Marks Another Successful Wall Street Debut - Chime Financial (NASDAQ:CHYM)

Is It Too Late to Buy the Chime IPO? @themotleyfool #stocks $CHYM $PYPL $XYZ $SOFI

One of this year's most anticipated IPOs hit the market last week. Demand was strong for Chime's (NASDAQ: CHYM) offering. Underwriters were hoping to take the online banking specialist public between $24 and $26 a share, and they pushed it up to $27 on the eve of its exchange-traded debut. Chime stock opened at $43 when it eventually began trading three hours after Thursday's opening bell. But it went largely downhill from there. The shares clos…

Chime's IPO Marks Another Successful Wall Street Debut - Chime Financial (NASDAQ:CHYM)

Chime's strong debut is seen as a positive sign for the U.S. IPO market, which has been sluggish for several years. But that may be changing.