Illustration: Aïda Amer/Axios

ZoomInfo, a Vancouver, Wash.-based SaaS platform for sales, marketing, and recruiting data, raised $935 million in its IPO. The company priced 44.5 million shares at $21, above its original $16-$18 price range, for an initial market cap of around $8 billion.

Why it matters: It's the year's largest tech IPO, and is likely to get some trading boost from confusion with videoconferencing company Zoom Communications.

  • Details: ZoomInfo reported $400,000 of net income on $102 million in revenue for Q1, and will trade on the Nasdaq (ZI). JPMorgan and Morgan Stanley were the lead IPO underwriters, while company shareholders include TA Associates and the Carlyle Group.
  • Bonus: Why does every startup sound fast now?

Between the lines: ZoomInfo had to navigate unusual conditions, conducting its roadshow virtually and amid nationwide protests. "It's not the backdrop I think anybody had hoped for," CEO Henry Schuck told Axios. "The things happening in our country are a lot more important than a tech company IPOing."

Investors, though, urged the company to go forward with its IPO given it was both growing and generating cash.

What they're saying: Schuck said the company, which uses machine learning to help provide businesses with sales and marketing leads, has also helped a number of small businesses pivot amid a drastically changed economy.

  • One example is a tent company that saw its traditional business evaporate, but pitched itself as a solution for COVID-testing centers and mobile hospitals. ZoomInfo helped connect them to industries they knew nothing about and led to their best sales month ever.
  • ZoomInfo itself saw its best first month of a quarter ever in April, Schuck said.

The bottom line: "The company says it has 202,000 paying users, serving 15,000 companies, with market intelligence and data analytics on 14 million companies." — Brian Deagon, IBD

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Robert Mueller speaks out on Roger Stone commutation

Former Special Counsel Robert Mueller testifies before the House Permanent Select Committee on Intelligence on Capitol Hill on Wednesday July 24, 2019. Photo: The Washington Post / Contributor

Former special counsel Robert Mueller responded to claims from President Trump and his allies that Roger Stone was a "victim" in the Justice Department's investigation into Russian interference in the 2016 election, writing in a Washington Post op-ed published Saturday: "He remains a convicted felon, and rightly so."

Why it matters: The rare public comments by Mueller come on the heels of President Trump's move to commute the sentence of his longtime associate, who was sentenced in February to 40 months in prison for crimes stemming from the Russia investigation. The controversial decision brought an abrupt end to the possibility of Stone spending time behind bars.

Trump dons face mask during Walter Reed visit

Trump wearing a face mask in Walter Reed National Military Medical Center on July 11. Photo: Alex Edelman/AFP via Getty Images

President Trump wore a face mask during his Saturday visit to Walter Reed National Military Medical Center, according to AP.

Why it matters: This is the first known occasion the president has appeared publicly with a facial covering as recommended by health officials since the coronavirus pandemic began, AP writes.

Updated 2 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 5:30 p.m. ET: 12,607,510 — Total deaths: 562,338 — Total recoveries — 6,948,863Map.
  2. U.S.: Total confirmed cases as of 5:30 p.m. ET: 3,228,884 — Total deaths: 134,600 — Total recoveries: 983,185 — Total tested: 38,919,421Map.
  3. Public health: Jimmy and Rosalynn Carter: "Please wear a mask to save lives" Fauci hasn't briefed Trump on the coronavirus pandemic in at least two months — We're losing the war on the coronavirus.
  4. Food: How the coronavirus pandemic boosted alternative meat.
  5. Sports: Charge of "money grab" by college football.
  6. World: India reimposes lockdowns as coronavirus cases soar.