Reuters first to report Chime preparing stock market listing

Reuters was first to report that Chime has held preliminary talks with investment banks about launching a stock market flotation, which could value the financial services startup at more than $30 billion, as soon as the end of 2021. Since launching in 2012, Chime has emerged as one of the fastest growing financial technology platforms in the United States. It briefly overtook online brokerage Robinhood Markets last year as the most valuable U.S. fintech “unicorn.” Preparations have now begun in an effort to capitalize on a boom, which has seen more people banking online during the COVID-19 pandemic.