SAN FRANCISCO–The fintech Chime, which offers many of the same services as credit unions and which was formed in 2012, is looking to go public and is targeting a valuation larger than nearly all CUs–$11.2 billion.

The company and some of its existing shareholders are seeking to raise up to $832 million by offering 32 million shares priced between $24 and $26 apiece, according to Reuters.

Chime is offering 25.9 million shares in the offering, while certain shareholders, including venture capital firm Cathay Innovation, are putting up 6.1 million shares.

What Chime Offers

Chime offers products such as checking and high-yield savings accounts through its app and primarily generates income through card interchange. 

Reuters noted that a successful IPO for Chime could pave the way for other fintech companies that have recently considered tapping public markets.