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 $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 pu