US mobile banking FinTech Chime has chosen Goldman Sachs to support its IPO.
In Brief:
Chime has asked Goldman Sachs to help it prepare for an IPO, says Reuters.
The company will go public in New York.
Before the IPO, its valuation is $25bn.
What does this mean?
Chime was founded in 2013 but grew significantly during the pandemic by offering its fee free digital banking products. The IPO could reportedly value the company at up to $40mn.
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