Digital banking startup Chime files for US IPO

Reuters

Tue, May 13, 2025, 1:20 PM 1 min read

(Reuters) -Financial exertion and integer banking startup Chime filed for a U.S. archetypal nationalist offering, a regulatory filing showed connected Tuesday.

The IPO model has reopened arsenic markets retrieve sharply amid advancement successful commercialized talks, offering companies an accidental to database their shares aft months of turbulence driven by tariffs.

An aboriginal trial of this nascent IPO betterment volition travel connected Wednesday erstwhile Israel's trading level eToro is expected to debut connected the Nasdaq.

A beardown debut by Chime could pave the mode for different IPO candidates, peculiarly successful the exertion sector, to determination guardant with their listings.

In August 2021, Chime achieved a valuation of $25 cardinal during a fundraise. However, the institution did not disclose the fig of shares it intends to merchantability oregon the estimated terms set for its listing.

The startup volition commercialized connected the Nasdaq Stock Exchange nether the ticker awesome "CHYM".

Morgan Stanley, Goldman Sachs, J.P.Morgan are starring a syndicate of Wall Street concern banks that person been roped successful to underwrite the offering.

(Reporting by Manya Saini and Jaiveer Singh Shekhawat successful Bengaluru; Editing by Mohammed Safi Shamsi)