financetom
Business
financetom
/
Business
/
Digital banking startup Chime targets $9.5 billion valuation in US IPO
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
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'.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Blackstone plans to sell Hotel Investment Partners, Cinco Dias reports
Blackstone plans to sell Hotel Investment Partners, Cinco Dias reports
Jan 22, 2025
Jan 22 (Reuters) - Private equity fund Blackstone is readying the sale of Spain-based Hotel Investment Partners (HIP), which is worth 6.5 billion euros ($6.77 billion), Spanish newspaper Cinco Dias reported on Wednesday, citing several unidentified market sources. HIP owns 73 hotels with 22,000 rooms in Spain, Portugal, Italy and Greece. Blackstone is seeking to divest this year either through...
Blackstone plans to sell Hotel Investment Partners, Cinco Dias reports
Blackstone plans to sell Hotel Investment Partners, Cinco Dias reports
Jan 22, 2025
(Reuters) - Private equity fund Blackstone is readying the sale of Spain-based Hotel Investment Partners (HIP), which is worth 6.5 billion euros ($6.77 billion), Spanish newspaper Cinco Dias reported on Wednesday, citing several unidentified market sources. HIP owns 73 hotels with 22,000 rooms in Spain, Portugal, Italy and Greece. Blackstone is seeking to divest this year either through the sale...
Oracle shares rise 9% after Trump unveils $500 billion AI plan
Oracle shares rise 9% after Trump unveils $500 billion AI plan
Jan 21, 2025
LONDON (Reuters) - Oracle shares jumped nearly 9% in Frankfurt on Wednesday, after U.S. President Donald Trump said the company would make a large investment in artificial intelligence infrastructure, together with OpenAI and SoftBank. The joint venture, called Stargate, plans to invest $500 billion, Trump said at the White House the previous day. Oracle shares rose 3% after the closing...
Schlumberger Insider Sold Shares Worth $1,098,500, According to a Recent SEC Filing
Schlumberger Insider Sold Shares Worth $1,098,500, According to a Recent SEC Filing
Jan 22, 2025
03:02 AM EST, 01/22/2025 (MT Newswires) -- Vijay Kasibhatla, Director, Mergers & Acquisitions, on January 17, 2025, sold 25,000 shares in Schlumberger ( SLB ) for $1,098,500. Following the Form 4 filing with the SEC, Kasibhatla has control over a total of 49,595 shares of the company, with 49,595 shares held directly. SEC Filing: https://www.sec.gov/Archives/edgar/data/87347/000112760225001674/xslF345X05/form4.xml ...
Copyright 2023-2026 - www.financetom.com All Rights Reserved