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What was the closing price of UiPath IPO?
NEW YORK, NY, April 23, 2021 – UiPath, Inc. (NYSE: PATH) today announced the closing of its initial public offering of 27,474,393 shares of its Class A common stock, including the full exercise of the underwriters’ option to purchase an additional 3,583,616 shares of Class A common stock, at a price to the public of $56.00 per share.
Did UiPath receive any proceeds from the sale of shares?
UiPath did not receive any proceeds from the sale of shares by the selling stockholders. UiPath’s Class A common stock is listed on the New York Stock Exchange under the ticker symbol “PATH.” Morgan Stanley and J.P. Morgan acted as lead bookrunners for the offering.
Who is the CEO of UiPath?
Daniel Dines, the CEO/co-founder of UIPath, is a self-taught developer and worked at Microsoft for 5 years prior to starting UiPath. When I started my venture career in 2014, very few people talked about RPA or knew of UIPath.
Why did UiPath’s numbers seem so impressive?
The numbers were impressive, if slightly disappointing because what UiPath indicated in terms of its potential IPO value was a lower valuation than it earned during its final private fundraising. It’s hard to say that a company …
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