Fintech Chime files for U.S. IPO

Investing.com -- Chime, a financial technology and digital banking startup, has filed for an initial public offering (IPO) in the U.S., according to a regulatory filing on Tuesday. This move comes on the heels of a sharp recovery in the markets over recent progress in trade talks.

Chime achieved a valuation of $25 billion in August 2021 during a fundraising round. The company, however, has not revealed the sizing, valuation, and proposed pricing range for the planned offering.

The startup plans to trade on the Nasdaq Stock Exchange using the ticker symbol "CHYM".

A syndicate of Wall Street investment banks, led by Morgan Stanley, Goldman Sachs, and J.P. Morgan, has been enlisted to underwrite the offering.

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