Tootfinder

Source: Chime's IPO is expected to price at ~$11B, down from its $25B private valuation in 2021; every VC-backed IPO in the past 12 months has been a down round (Cory Weinberg/The Information)
https://www.theinformation.com/articles/every-vc-ba…

Every VC-Backed IPO in the Past 12 Months Has Been a Down Round
When banking app Chime goes public next month, it will mark the eighth straight venture capital–backed initial public offering in the past 12 months to be valued less than it was in private fundraising rounds. Chime, for instance, was valued at $25 billion in 2021, but its bankers have been ...