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![]() Luisa BeltranFortune |
Chime raises $864 mln with IPO, but management doesn’t sell shares.
Chime could raise as much as $832 mln when it prices later Wednesday.
The startup’s clients include Blackstone and Warburg Pincus.
The stablecoin giant’s IPO was the second biggest in crypto history.
Circle valued at $8.06 billion after stablecoin giant increases IPO deal size for second time.
Blackstone, the biggest alternative asset manager, ranks 321th in the Fortune 500.
Crypto firm Circle is also going public with goals of a $7.2 billion valuation.
The number of zombie VC funds has jumped by 50% since the end of 2021.
Chime reported losses in 2024 but posted a profit in Q1.
The carmaker, owned by Chinese group Geely, said the cuts aimed "to build a stronger and even more resilient Volvo Cars at a time when the automotive...
Some say AI’s impact on venture will be similar to the cloud and SaaS boom of the last decade.
The Senate, in reviewing Trump’s tax bill, could still make changes to the carried interest loophole.
Dimon’s successor focused on three candidates
Circle is said to be seeking at least $5 billion, which is the valuation that it’s targeting for its IPO.
The debut will be followed by neo-bank Chime, which plans to list on Nasdaq.
After failing to clinch a SPAC merger in 2021, eToro may finally get to go public
Payoneer in November had a $4.24 billion market cap but has seen that drop by near one-third.
With private market products, retail may finally get to invest in unicorns.
Despite 22% drop in advisory fees, Goldman's Q1 beats Wall Street expectations
Mostly positive bank earnings were clouded by the chaotic start to Q2 and the murky economic outlook.
Javice hustled all her life, all the way to a deal to sell her startup Frank to the world’s biggest bank. Then it all fell apart.
Charlie Javice, who faces a 14 to 17.5 sentence, unsuccessfully sought to portray JP Morgan as careless.
The stablecoin giant, which has sought to go public for years, could list its shares by early summer.
Javice deceived the bank about how many customers her startup had. She will be sentenced in coming weeks.
Olympus returned $6 billion to investors over the last three years
JPMorgan CEO Jamie Dimon says he will stay CEO ‘a few more years’—and promises ‘no swearing this time’ at latest town hall
BofA is making changes to the oversight program it has had for years
Bankers don’t expect “Trump Bump” will boost mergers this year
Musk relies on a small number of executives to help him lead his six companies—and cut government spending.
Musk is making huge and sudden changes to the federal government. But he's not doing this alone—here are his key lieutenants.
The nation’s biggest bank is committed to getting everyone back in the office, but some workers say the conditions aren’t ideal.
Here is who Musk relies on to run Nueralink—including an exec who has had four of his children.
Elon Musk also runs five other companies and the federal government's DOGE program. Here's the key lieutenants he relies on at Boring Company.
Musk relies on an X team that includes former top execs from NBC and Hyundai.
One senior PayPal exec predicted the Trump administration will be good for crypto
According to a memo from CEO Nik Storonsky that was viewed by Fortune, Revolut is allowing its 10,000 employees a continued flexible schedule.
Worker who questioned Jamie Dimon’s RTO mandate says he was fired—then told he could keep his job—after testy town hall exchange
The petition comes as some bank workers push to form a union.
The number of global announced mergers dropped nearly 43% from the same period last year.
JPMorgan Chase’s Polaris location not yet available for returning workers
Created by Humans aim to be the Spotify of publishing.
Some JPMorgan Chase workers want to leave after getting low raises, bonuses
According to an organizer with the CWA, about a dozen JPMorgan Chase employees, representing groups from different areas of the bank all over the...
The sale of vet clinics is expected to ramp up this year.
Pete Lyon and Mahesh Saireddy will lead the new unit
Alza is the latest fintech to cease operations
Can Carlyle catch up? Storied PE firm tries to reclaim its former glory
PE firms sitting on $500 billion in dry powder from earlier funds eye fintech sector
Seattle Kraken is currently led by Samantha Holloway, Bonderman’s daughter.
The benefits startup says it doesn’t face pressure from an IPO tied to a compounding ratchet structure