June 2 (Reuters) -
Digital banking startup Chime Financial said on Monday it
was targeting a valuation of up to $9.47 billion in its initial
public offering in the U.S.
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.
The U.S. IPO market has sprung back to its feet after a
disappointing April as equities rebounded amid easing
volatility, paving the way for companies to go public after
tariff-driven chaos shut the window for weeks.
Morgan Stanley, Goldman Sachs and J.P. Morgan are the
lead underwriters for the offering. Chime will list on the
Nasdaq under the symbol 'CHYM'.