Ding, ding, ding! Chime Financial is finally ready to go public.

The 13-year-old digital banking services company has set a target valuation of $11.2 billion for its highly anticipated initial public offering (IPO), according to a filing Monday with the Securities and Exchange Commission (SEC).

That would amount to raising roughly $832 million while offering 32 million shares, priced between $24 and $26. Per Chime’s S-1 statement, the company says it has 8.6 million active members and generates $251 in revenue per active member, on average.

San Francisco-based Chime intends to list its stock on the Nasdaq and trade under the ticker “CHYM.” It has not announced a listing date.

Notably, the $11.2 billion valuation is a sizable fall from the $25 billion ceiling Chime hit after a $750 mill

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