10 Articles
10 Articles
Chime chases $11 billion valuation in IPO set for next week on Nasdaq
Chime Financial on Monday kicked off the roadshow for its much anticipated IPO that could value the neobank at roughly $11 billion, a more than 50% drop from its $25 billion valuation in 2021. Chime is scheduled to begin trading on the Nasdaq on Thursday, June 12. The impending IPO will offer 32 million shares at a price range of $24 to $26 each, according to a June 2 regulatory filing. (About 26 million is coming from Chime itself while stock…
Digital banking startup Chime files for IPO, targeting $11.2B valuation in long-awaited Nasdaq debut - Tech Startups
Chime is finally going public. The San Francisco-based digital banking startup filed plans on Monday to list on the Nasdaq under the ticker symbol CHYM, aiming for a valuation of up to $11.2 billion on a fully diluted basis. Chime […] The post Digital banking startup Chime files for IPO, targeting $11.2B valuation in long-awaited Nasdaq debut first appeared on Tech Startups.
Fintech firm Chime begins IPO roadshow
US-based fintech firm Chime has launched its initial public offering (IPO), offering 32 million shares of its Class A common stock. Of these, Chime is selling 25.9 million shares, while certain existing stockholders are offering approximately 6.1 million shares. According to media reports, the firm will go public at an estimated valuation of around $11bn, an over 50% decrease from its $25bn valuation in 2021. The company, which filed for an…
Chime files for IPO at reduced valuation, aims to raise up to $832 million - The Tech Portal
San Francisco headquartered fintech ‘Chime’ is set to undertake an IPO, seeking to raise up to $832 million. The transaction, which includes shares offered by existing investors, could result in a fully diluted company valuation of approximately $11 billion. This prospective valuation marks a major reduction from Chime’s peak valuation of $25 billion achieved in a 2021 funding round. Morgan Stanley, Goldman Sachs Group, and JPMorgan Chase & Co. …
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