10:15 AM EDT, 06/02/2025 (MT Newswires) -- Chime Financial announced the offering of 32 million class A shares priced between $24 and $26 per share in its planned initial public offering, according to a regulatory filing Monday.

The financial technology firm is selling around 25.9 million shares, while certain shareholders are offering about 6.1 million shares, according to the filing.

The underwriters will have an overallotment option to purchase up to 4.8 million shares, the filing said.

Chime said it has applied to list its class A common stock on the Nasdaq Global Select Market under the ticker symbol "CHYM."

Chime said its estimated net proceeds from the offering will be approximately $599.7 million, or $713.4 million if the overallotment option is fully exercised, based on the midpoint price of $25 per share.

The company said it intends to use the net proceeds for general corporate purposes, including working capital, operating expenses, and capital expenditures, as well as to acquire or invest in businesses, products, services, or technologies.