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421 Chime’s IPO Will Have Big, Big Winners and Serious Losers

The Information
Cory Weinberg @ The Information 3 place · 06/09/2025 10:30 EDT

Chime’s IPO Will Have Big, Big Winners and Serious Losers

When Chime CEO Chris Britt pitched his company to venture capitalists a decade ago, he got a lot of handshakes and little money. Venture capitalists, he has said, were too rich to understand why low- or no-fee bank accounts would appeal to people living paycheck to paycheck.

He said investors would question him: “What’s the problem? I don’t get charged fees. Morgan Stanley doesn’t charge me any fees. I don’t get this.” More than 200 firms said no, Britt said in a 2021 interview. Two little-known early-stag

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