Congrats to Chime

I’m always excited for any tech IPO, but I’m especially giddy at seeing Chime hitting the public markets. I have a soft spot for fellow FinTech companies and it’s good to see a major IPO for us in the industry.

Chime’s journey to the public markets wasn’t easy. There were a lot of rumors that the company would go public in 2021 or 2022 given the large valuation at $25B.

Like many other companies, they will be going public at a much lower valuation with a $11B rumor. That is still a big win for most investors and more importantly for the employees who helped build the company.

So far the rumors seem to be trending positively for the company and I’m excited to see them debut next week.