Chime raises $864 mln with IPO, but management doesn’t sell shares.

After a multi-year IPO freeze, fintech companies like Chime are entering the public market with slashed valuations and tempered expectations.

Chime began trading Thursday on the Nasdaq under the ticker symbol CHYM.

In 2016 when Chime desperately needed cash, over 100 VCs said no. One seed VC, took a chance and saved the company, co-founder Ryan King recalls.

Payment group’s explosive start suggests IPO market is beginning to warm up

Chime raises $864 mln with IPO, but management doesn’t sell shares.