Swiss dental startup vVardis is working with JPMorgan Chase (JPM) and Goldman Sachs (GS) on a potential US initial public offering that could take place this year, Bloomberg reported Tuesday, citing people familiar with the matter.

The company was valued at more than $1 billion in an April funding round and would likely seek a higher valuation in an IPO.

No final decision has been made on the offering and the company's plan could still change, according to the report.

JPMorgan Chase, Goldman Sachs, vVardis did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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