Yext is the latest tech company to price its IPO, raising over $115 million tonight by pricing 10.5 million shares at $11 a piece. That's above the top of its proposed $8-$10 per share range, giving it an initial market cap of around $940 million and a fully-diluted value north of $1.3 billion. It will begin trading tomorrow on the New York Stock Exchange under ticker symbol YEXT.

What it does: Yext is a New York-based "knowledge engine" that helps local businesses sync their data across services like Yelp, Apple Maps and Instagram. So consider it at the retail intersection of local, social, mobile and physical.

Trend: This is just the latest in a mini-burst of enterprise tech IPOs, following companies like MuleSoft and Okta. It's worth noting, however, that the activity increase is more reflective of last year's dearth of such offerings than a volume increase over historical norms. In other words, it's all relative.

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Trump's new TikTok threat

Photo illustration: Aïda Amer/Axios. Photo: Jim Watson/AFP via Getty Images

President Trump said twice Monday that the U.S. Treasury would need to get a portion of the sale price of TikTok, as a condition of regulatory approval.

Why it matters: This is akin to extortion — the sort of thing you'd expect to hear on a wiretap, not from the White House in front of reporters.

Ford names James Farley as new CEO amid ongoing turnaround effort

James Hackett, left, is retiring as Ford CEO. Jim Farley, right, takes over Oct. 1. Photo: Ford

Ford announced Tuesday that James Farley will take over as its next CEO, replacing James Hackett, 65, who is retiring after three years in the job.

Why it matters: It leaves Farley to complete the company's ongoing turnaround effort. The transition will be that much harder as the industry tries to navigate the coronavirus-induced economic slowdown which shuttered Ford plants for two months on the eve of some of its most important vehicle launches.

Updated 3 hours ago - Politics & Policy

Watch the full "Axios on HBO" interview with President Trump

In this episode of “Axios on HBO”, President Trump discusses his handling of the coronavirus pandemic, the upcoming election and much more with National Political Correspondent Jonathan Swan.

The interview was filmed on Tuesday, July 28 and aired Monday, Aug. 3 on HBO.