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$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
This includes its major backers, a list that includes billionaire Yuri Milner’s DST Global, Michael Stark’s Crosslink Capital, billionaire Len Blavatnik’s Access Industries as well as VC firms General Atlantic, Menlo Venture (led by board member Shawn Carolan), the Sino French Innovation Fund, and Iconiq Strategic Partners, according to the paperwork. For instance, Kirsten Green’s Forerunner Ventures and Hunter Walk’s Homebrew both claim Chime as a portfolio company. Chime offers consumer checking, savings, debit, and credit cards and claims 8.6 million active users.
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