Online bank Chime plans to raise up to $832 million in its initial public offering later this week, following the successful debut of fintech broker eToro in May.

Digital banking startup Chime Financial said on Monday it was targeting a valuation of up to $11.2 billion on a fully diluted basis in its long-awaited New York initial public offering, underscoring the growing momentum in the new listings market.

Chime Financial Inc. and some of its shareholders are seeking to raise as much as $832 million from an initial public offering, which could give the San Francisco-based fintech a fully diluted valuation of as much as roughly $11 billion,