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DIGITAL BANKING STARTUP CHIME TARGETS $11.2 BILLION VALUATION IN US IPO

  • NEWS Desk Global
  • Jun 2
  • 1 min read



Digital banking startup Chime Financial said on Monday it was targeting a valuation of up to $11.2 billion on a fully diluted basis in its long-awaited New York initial public offering, underscoring the growing momentum in the new listings market.

San Francisco, California-based Chime and some of its existing shareholders are seeking to raise up to $832 million by offering 32 million shares priced between $24 and $26 apiece.

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