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

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The VC tech world was abuzz on Thursday when neobank Chime successfully became a public company. Chime raised $864 million on 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 $14 billion, too. (Its share price and valuation has soared since then.)

However, Chime’s cap table includes an absolute who’s who of Silicon Valley investors, many of whom are publicly and privately celebrating the win…



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We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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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 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 $14 billion, too. (Its share price and valuation has soared since then.)

However, Chime’s cap table includes an absolute who’s who of Silicon Valley investors, many of whom are publicly and privately celebrating the win…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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