Deals
Chime, Backers Raise $864 Million in Above-Range IPO
Chime Financial signage during the company's IPO at the Nasdaq MarketSite in New York, on June 12.
Photographer: Victor J. Blue/BloombergChime Financial Inc. and some of its shareholders are raising $864 million in an initial public offering, pricing the shares above a marketed range.
The financial technology firm is selling 26 million shares for $27 each, according to a statement confirming an earlier report by Bloomberg News. Chime had marketed 32 million shares, including 6.1 million being sold by its investors, for $24 to $26 each.