Over the last couple of weeks, fintech companies Circle Internet Group (NYSE: CRCL) and Chime Financial (NASDAQ: CHYM) completed their IPOs. Despite the turbulence weighing on the stock market, both Circle and Chime have witnessed skyrocketing share prices since going public.

Chime’s IPO is more like a secure base camp than a flag planted atop Everest. The IPO could renew VC interest in fintech—but the money probably won’t go to new neobanks.

Twelve years after launching with a mission to upend traditional banking, Chime is making its public market debut in a blockbuster IPO that values the fintech giant at over $18 billion.