Chime is set to launch its initial public offering (IPO) on Thursday, targeting an impressive valuation of $11 billion. The fintech company aims to leverage its strong user base and financial technology solutions to attract investors in the competitive IPO market.
Stripe is reportedly in discussions to buy back stock from its investors, signaling a continued preference against pursuing an IPO. This follows a significant stock transaction last year when Sequoia Capital acquired $861 million in shares at a $70 billion valuation.