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

Image for article Chime almost died in 2016, turned down by 100 VCs. Today it IPOd at $14.5B.
News Source : TechCrunch

News Summary

  • Chime raised $864 million in its IPO, pricing its shares at $27
  • That gave it a starting market cap of about $9
  • 8 billion
  • The company had its share of struggles, like layoffs in 2022 and a fight with regulators in 2021
  • But the biggest struggle of them all was when it almost died before it even raised a Series B
One of the years 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 ga [+3831 chars]

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