Fintech Promoting Zero Fees Sees 5% Drop Below IPO Price

Chime Financial, Inc. (Nasdaq: CHYM) closed at $24.03 on Nasdaq on February 2, falling more than 5% in a single session. As a result, its market capitalization declined to about $8.2 billion (approximately KRW 12 trillion), wiping out roughly $400 million (around KRW 600 billion) in value in one day.

The company has announced it will report its fourth-quarter and full-year 2025 financial results on February 25. At month-end, investors are expected to conduct a rigorous assessment of Chime’s post-IPO growth and profitability. Recently, Chime was named the official banking and credit partner of the Portland Fire, a new franchise in women’s professional sports, and secured a shoulder-logo sponsorship for the team’s 2026-season uniforms to broaden its sports-marketing exposure.

Founded in 2012, Chime Financial operates as a fintech firm rather than a traditional bank. Its digital banking app offers fee-free mobile checking accounts, early direct deposit, and modest overdraft protection, rapidly attracting lower- and middle-income customers. When Chime went public on Nasdaq in June 2025, it priced its IPO at $27 per share, raising about $800 million (roughly KRW 1 trillion) and debuting with a valuation near $10 billion. Today, however, its share price remains below the offering price, testing investors’ patience.