Wall Street

Wall Street's 3 Democratic favorites for 2020

Waiting for Kamala Harris in Dubuque, Iowa, last week (Photo: Scott Olson/Getty Images)
Waiting for Kamala Harris in Dubuque, Iowa, last week Photo: Scott Olson/Getty Images

Three 2020 Democratic candidates are "generating most of the buzz" among Wall Street donors: Joe Biden, Sen. Kamala Harris and Pete Buttigieg, the New York Times reports.

Driving the news: Nine candidates over nine days will hold fundraisers in New York, racing to bring in cash ahead of a June 30 filing deadline.

CrowdStrike raises $612 million in IPO

CrowdStrike, a Sunnyvale, Calif.-based cybersecurity company, raised $612 million in its IPO. It priced 18 million shares at $34, well above its $23-$30 offering range (let alone its original $19-$23 range), for an initial market cap of $6.69 billion.

Why it matters: This is the latest indication that Wall Street has a voracious appetite for money-losing tech unicorns, so long as they don't focus on ride-hail.