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- Chime’s IPO pricing shock
Chime’s IPO pricing shock
is fintech hype cooling off?

Welcome to Fintech Wire — your quick guide to what’s shaping finance and tech today.
What we’ll cover today:
📉 Chime’s IPO pricing shock - is fintech hype cooling off?
🏀 Shaq settles FTX lawsuit - is this the cost of celebrity endorsements?
📅 Upcoming fintech events and panels to watch this month


Source : CNBC
Chime, a popular US-based neobank, is finally going public but at half the price of its last valuation round.
🚨 Breaking News:
Chime’s IPO pricing reveals it’ll sell shares at less than half its previous valuation, testing fintech market interest in 2025.
⚡ Wire Simplified –
Chime was once valued at $25B, now it’s likely going public at under $10B.
Other fintechs like Stripe and Klarna are waiting on the sidelines.
Robust secondary markets are letting companies delay public listings.
This IPO could open the door for more fintech exits if it goes well.
Investors are watching closely to see if fintech is back in favor.
✔️ Straight to the Point:
Chime’s IPO will reveal if fintech still excites public markets or if the hype wave has passed its peak.
🎤 Do you think Chime’s IPO will be a success? |
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Source : Sky News
NBA legend Shaquille O'Neal will pay $1.8M to settle a lawsuit over promoting the now-failed crypto exchange, FTX.
🚨 Breaking News:
Shaq has agreed to a final $1.8M settlement for promoting FTX, avoiding future lawsuits over the crypto platform’s collapse.
⚡ Wire Simplified –
Shaq promoted FTX but later said he didn’t really understand crypto.
He’s paying $1.8M to fully settle investor claims.
The deal covers legal fees, payouts, and blocks future lawsuits.
Other celebs like Tom Brady got out earlier, Shaq didn’t.
He says he was just a “paid spokesperson,” not an investor.
✔️ Straight to the Point:
Shaq’s signing the check and stepping back - a pricey reminder that celebrity crypto promos can come with legal rebounds.

Informative interview
Michael Truell, co-founder and CEO of Anysphere, the company behind Cursor, with Garry Tan.
From beta to $100M ARR in 20 months.
Cursor's end-state is intent-based programming where the codebase itself becomes less visible and editable through new
— Rohan Paul (@rohanpaul_ai)
6:43 PM • Jun 11, 2025
When I asked @pmarca how he thought the venture industry would play out, he said it's basically a barbell of scale at one end and specialization at the other.
You're either Walmart or Gucci.
— Jack Altman (@jaltma)
4:51 PM • Jun 11, 2025

Canada FinTech Forum 2025
This event is the largest FinTech gathering in Canada, bringing together key players from the finance and technology sectors.
Date: October 2025 | Location: Montreal, Canada
Hong Kong FinTech Week 2025
One of Asia’s premier FinTech events, featuring speakers, panels, and exhibitors showcasing innovations in finance and technology.
Date: November 2025 | Location: Hong Kong
What do you think about today’s edition? |

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