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Chime, last valued at $25B, aims for $11B in upcoming IPO
There's at least one strong indication that Chime insiders think this will be a blockbuster IPO, despite a modest price range.
At the mid-range, the company will raise $800 million for itself and a handful of investors, including European VC powerhouse Cathay Innovation, who plan to sell some shares in the IPO. And there’s at least one strong indication that insiders think it will do that: Even with the thirst for liquidity in venture these days, aside from Cathay, Chime’s largest shareholders are not, at this juncture, selling, according to its . But other major investors that are holding their stakes include billionaire Yuri Milner’s DST Global, Michael Stark’s Crosslink Capital, and billionaire Len Blavatnik’s Access Industries, as well as VC firms General Atlantic, Menlo Ventures (led by board member Shawn Carolan), and Iconiq, according to the paperwork.
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