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SaaS integration company MuleSoft tonight raised $221 million in its IPO, pricing shares at $17 a piece. That's a tick above the top of its proposed $14-$16 range, which itself was an increase from the company's original plans to price at between $12-$14 per share.

Valuation: The IPO would give MuleSoft an initial market cap of around $2.14 billion, and a fully-diluted market value of nearly $2.9 billion. The San Francisco-based company was last valued by venture capitalists at around $1.5 billion, which means this is a unicorn that is easily keeping its horn.

Why this matters: MuleSoft is the year's first major enterprise software IPO, and a strong performance could help encourage others to take the leap. There is no shortage of potential issuers, just of confidence.

Go deeper

Dan Primack, author of Pro Rata
32 mins ago - Podcasts

Robert Downey Jr. launches VC funds to help save the planet

Robert Downey Jr. on Wednesday announced the launch of two venture capital funds focused on startups in the sustainability sector, the latest evolution of a project he launched two years ago called Footprint Collective.

Between the lines: This is a bit of life imitating art, as Downey Jr. spent 11 films portraying a character who sought to save the planet (or, in some cases, the universe).

DHS warns of "heightened threat" because of domestic extremism

Supporters of former President Trump protest inside the U.S. Capitol on Jan. 6. Photo: Roberto Schmidt/AFP via Getty Images

The Department of Homeland Security on Wednesday issued an advisory warning of a "heightened threat environment" in the U.S. because of "ideologically-motivated violent extremists."

Why it matters: DHS believes the threat of violence will persist for "weeks" following President Biden's inauguration. The extremists include those who opposed the presidential transition, people spurred by "grievances fueled by false narratives" and "anger over COVID-19 restrictions ... and police use of force[.]"

OIG: HHS misused millions of dollars intended for public health threats

Vaccine vials. Photo: Punit Paranjpe/AFP via Getty Images

The U.S. Office of Special Counsel alerted the White House and Congress on Wednesday of an investigation that found the Department of Health and Human Services misused millions of dollars that were budgeted for vaccine research and public health emergencies for Ebola, Zika and now the COVID-19 pandemic.

Why it matters: The more than 200-page investigation corroborated claims from a whistleblower, showing the agency's violation of the Purpose Statute spanned both the Obama and Trump administrations and paid for unrelated projects like salaries, news subscriptions and the removal of office furniture.

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