Chime

Iconiq VCs spent two years courting Chime and the firm isn’t selling its stake

The VC tech world was abuzz on Thursday when neobank Chime successfully became a public company. Chime raised $864 million on a its $27 share price, which popped big, opening at $43.  This wasn’t the biggest IPO of the year. CoreWeave, for instance, raised $1.5 billion in March, and its first-day market cap hit around […]

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Chime almost died in 2016, turned down by 100 VCs. Today it IPO’d at $14.5B.

One of the year’s most anticipated IPOs took place on Thursday when neobank Chime raised $864 million in its IPO, pricing its shares at $27, above its previously announced range of $24 to $26. That gave it a starting market cap of about $9.8 billion. While some would point out that this is far below

Chime almost died in 2016, turned down by 100 VCs. Today it IPO’d at $14.5B. Read More »

$25B-valued Chime files for an IPO, reveals $33M deal with Dallas Mavericks

At long last, digital consumer bank Chime has moved forward with its IPO by filing its S-1 paperwork Tuesday. Chime had reportedly filed confidential S-1 paperwork back in December. S-1 filings typically reveal all kinds of information, covering financial, legal, and other risk factors. But Chime’s S-1 documents still have a lot of blank spaces.

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$25 billion valuation Chime takes another step towards an IPO

As predicted, ServiceTitan’s wildly successful IPO is beckoning other fintechs to move forward on their own public debuts. Digital bank Chime has filed its confidential paperwork with the SEC, Bloomberg reports. It’s been prepping for this moment since it hired banker Morgan Stanley in September, with an eye to IPO in 2025.  The IPO won’t

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