Demonstrating strong operating leverage with fixed costs, 90% gross margins on its processing platform, and a 50% increase in its card take rate, suggesting significant potential for profit expansion.

The author doubled their position, believing the stock is undervalued due to fear around the IPO lockup expiration, and anticipates funds will not sell at an 80% loss, suggesting a potential for rebound.

Upgraded to BUY by Goldman Sachs, noting that a major investor (Tiger Global) previously invested at a much higher valuation and that its new high-margin ChimeCore business suggests a significant growth inflection point.

Suggested as a buy now, trading at an 80% discount to its 2021 Series G valuation, despite previous advice to avoid it at $40.

Part of a group of recent IPOs that pop on the first day but then fail to see follow-through buying, highlighting the risk of chasing new listings.

As a FinTech reliant on data aggregators, its business model and valuation are at risk if large banks implement high data access fees. This is a major risk factor for the company.