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Digital banking startup Chime targets $9.5 billion valuation in US IPO
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Digital banking startup Chime targets $9.5 billion valuation in US IPO
Jun 2, 2025 3:36 AM

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'.

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