Iconiq VCs spent two years courting Chime and the firm isn't selling its stake

1. Chime raised $864 million in its IPO at $27 per share, opening at $43. 2. Chime's backers include prominent Silicon Valley investors like Iconiq. 3. Chime previously struggled financially, facing rejection from over 100 VCs in 2016. 4. Chime plans to enhance banking access for working-class individuals. 5. Investors view Chime's IPO as a long-awaited culmination of hard work.