Online banking company Chime (NASDAQ: CHYM) finally went public after years of stagnation in the fintech IPO p

Shares of oil companies and defense contractors rise after Israel launched an attack on Iran’s nuclear facilities.

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

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.

Sull said that he and Stanger first met Chime co-founders Chris Britt and Ryan King in 2017. They even went to the Chime offices for the meeting, not the other way around. Iconiq’s VCs tend to prefer outbound deals with well-vetted founders, rather than inbound pitch-to-us sessions.