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The financial technology startup will likely be valued at a substantial premium to its valuation of $25b from an August funding round led by Sequoia Capital, the sources said, adding Chime could aim for a valuation of nearly $40b.
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Chime interviewed investment banks in recent weeks before deciding to give Goldman Sachs a leading role in its listing, the sources said. Other banks will be added to the roster of underwriters in the run-up to its IPO, which could come as early as this spring, the sources added.
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