DST Global Advisors sells $28.1m Chime Financial shares
DST Global Advisors Ltd sold $28.1 million worth of Chime Financial Inc. shares on August 20 and 21, 2026. The transactions involved the sale of 856,825 shares, ranging in price from $32.50 to $33.62 each. The sale occurred near a 52-week high of $33.74, following a 55% increase over six months. Chime Financial appears overvalued currently, potentially influencing the selling decision.
The sales were made indirectly through several affiliated entities, with DST Global Advisors Ltd as the designated filer. DST Global Advisors Ltd still holds approximately 42.5 million Class A Common Stock shares indirectly. Chime Financial reported a 27% revenue increase and a 20% rise in active members to 10.4 million in the second quarter.
The adjusted EBITDA margin expanded to 15%, leading to an upward price target from Wolfe Research and Morgan Stanley. Chime is exploring stablecoin integration into its platform. CFO Matthew Newcomb recently departed from the company.
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