The shares are listed on the Nasdaq Global Select Market

Davis Polk advised the representatives of the several underwriters in connection with the initial public offering of 36,800,000 shares of Class A common stock of Chime Financial, Inc., of which 30,700,765 shares were issued and sold by the company and 6,099,235 shares were sold by the selling stockholders, at $27.00 per share, for total gross proceeds of $993.6 million. The shares sold included 4,800,000 shares sold pursuant to the underwriters’ over-allotment option. The Class A common stock is listed on the Nasdaq Global Select Market under the symbol “CHYM.”

Chime is a financial technology company founded on the premise that core banking services should be helpful, easy, and free. Chime builds products that allow the company to succeed when its members do. That’s why Chime doesn’t rely on punitive fees such as overdraft, monthly service, or minimum balance fees. Member deposits are FDIC-insured through The Bancorp Bank, N.A. or Stride Bank, N.A., up to applicable limits.

The Davis Polk corporate team included partners Emily Roberts, Marcel Fausten and Byron B. Rooney and associates Joseph G. Marano and Matthew Franklin. The financial institutions team included partner David L. Portilla and associate Justin Levine. Associate Kendall Howell provided sanctions advice. Partner Pritesh P. Shah provided intellectual property advice. Partner Adam Kaminsky provided executive compensation advice. Members of the Davis Polk team are based in the Northern California, New York and Washington DC offices.

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