Yesterday UiPath was officially listed on the New York Stock Exchange (NYSE) under the ticker symbol “PATH”. On the first day the shares closed up 23% to $69, giving UiPath a market valuation of about $36 billion.
UiPath on Friday filed for an initial public offering on the New York Stock Exchange. No details of the target pricing or timing have been disclosed. Two months ago UiPath raised $750m in a round that valued it at $35bn. And last week it announced it had acquired Cloud Elements, to combine an enterprise-grade user interface (UI) and API-based automation capabilities in a single platform.
UiPath has submitted a draft registration statement on a confidential basis to the U.S. Securities and Exchange Commission (SEC) for a proposed public offering of its Class A common stock. The number of shares of Class A common stock to be sold and the price range for the proposed offering have not yet been determined.