Chime Financial shares jumped in their first day of trading today, closing at $37.11 — more than 37% above their IPO price.

• 🔥 Why it matters: The U.S. IPO market is suddenly on a roll.

Catch up quick: Chime's strong debut is just the latest in recent weeks for U.S. fintechs.

• Crypto firm Circle saw its shares skyrocket in its NYSE debut last week. They closed today at $106.54, far above the IPO price of $31.
• Voyager Technologies shares soared 80% on their first day earlier this week, and closed today at $49.50, above the $31 IPO price.
• And eToro's stock popped in its debut last month too. Today they closed at $64.17, above the $52 IPO price.

Reality check: Though Chime's IPO priced above expectations at $27 last night, its valuation has cooled substantially from the $25 billion venture capital firms assigned it in 2021, when interest in the neobank soared during the pandemic.

• It raised $864 million this morning at a market value of $11.4 billion.

What we're watching: How Chime shares perform.

• "If it goes well — and you'll know that in the next two to three months — I think you'll see much more receptivity" from other companies eying IPOs, Revolution Ventures partner David Golden, tells CNBC.

Walmart is taking steps to source more products from U.S.-based small business suppliers as the world's largest retailer tries to keep prices low.

• 🇺🇸 Walmart U.S. CEO John Furner tells Axios in an exclusive interview that the company aims to boost opportunities for small American businesses, noting it already devotes about two-thirds of its product spend on U.S.-made, grown or assembled goods.

🏷️ Between the lines: Walmart recently confirmed plans to raise some prices as it grapples with the impact of increased tariffs, drawing the ire of President Trump.

⏱️ Another advantage is speed. Walmart now has more than half a billion items for sale online.

• And the company expects to offer three-hour delivery to 95% of the country by the end of 2025, up from 90% today, Furner says.
• "It's always helpful when you have the shortest supply chain possible," he adds.

Go deeper

🎮 GameStop shares plunged after the meme-stock retailer announced plans to issue $1.75 billion in convertible notes that could be used to buy bitcoin. (Yahoo)

☁️ Google experienced a cloud outage, causing disruptions for OpenAI, Shopify and other services. (CNBC)

🦾 Tesla sued a former Optimus robot engineer, saying the employee stole confidential information to form a rival startup. (Bloomberg)

Starbucks CEO Brian Niccol tells Axios that one of the company's biggest missteps was pulling back on in-store seating — and now he's making it a top priority to fix it.

• 🪑"We had this strategy that I think was just a misfire of a purpose-driven store. It's like, well, the purpose is community connection," Niccol said at the company's Leadership Experience event in Las Vegas. "I think that's what got us off our game."
• "We've got to get the seats back."

... Read more of Kelly's interview with Niccol