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)

Cory Weinberg / The Information:
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  —  When banking app Chime goes public next month, it will mark the eighth straight venture capital-backed initial public offering …