Hey Everyone,

Good morning & happy Friday! Another incredible FinTech week is about to end, and we’re finishing it off with a cherry on the cake 🧁 Today we’re going to see whether FinTech IPOs are finally back as Chime’s shares surge 37% in a stellar public market debut (quick recap of Chime’s performance as the first public neobank, why it matters & what to expect for other FinTechs + more bonus reads inside), and Coinbase, which is expanding consumer reach through strategic American Express and Shopify partnerships (what it’s all about & why it matters + bonus deep dive into Coinbase’s recent financials + 110+ real-world stablecoin use cases). So let’s jump straight into the cool stuff 🌶️

FinTech IPOs are back? Chime’s shares surge 37% in a stellar public market debut 😤📈

The debut 🔔 Chime Financial's highly anticipated initial public offering delivered a resounding success on Thursday, with shares closing 37% above their offering price and providing a much-needed boost to the FinTech sector's public market aspirations. Finally! 🥳

The San Francisco-based challenger banking platform raised $864 million in its market debut, pricing shares at $27 each - above the expected range of $24 to $26 - and closing at $37.11 on Nasdaq under the ticker CHYM. Not too shabby!

Let’s take a closer look at this, see why it matters, and what’s next for Chime.