help outline BIG DATA Io-Tahoe and Snowflake team up to provide insights for the growing field of data discovery during April 29 event
SHARE
Whether information is stored in raw form in massive data lakes or in more structured data warehouse environments, one truth is constant: Enterprise users must still be able to find what they need at any given moment.
This need has created a compelling market opportunity for data discovery firms such as Snowflake Inc. and Io-Tahoe LLC, which offer tools for a wide range of data-driven use cases. Today’s focus is not so much on where data is stored, but on what users can do to locate and cultivate it in ways that drive enterprise success.
UiPath US$1.3bn IPO boosts stock
Bloomberg
Automation software maker UiPath Inc on Wednesday climbed in its trading debut after its US$1.3 billion initial public offering (IPO), surpassing its valuation in a private funding round this year.
The shares closed up 23 percent to US$69 in New York, giving UiPath a market valuation of about US$36 billion and a fully diluted value, including employee stock options and restricted stock units, of more than US$38 billion.
The company and investors sold almost 24 million shares on Tuesday for US$56 each.
While the IPO priced above a marketed range, it still left the company with a lower valuation than in a February financing round.
SHARE
Automation technology platform startup UiPath Inc. reportedly did better than expected as its initial public offering launched late today, raising $1.4 billion after selling millions of shares above its price target range.
The company sold 23.9 million Class A shares at $56 per share, according to unnamed person familiar with the matter, Reuters reported. That’s above an indicated price range of $52 to $54 per share that the company announced Tuesday, which itself was up from an original price range of $43 to $50 quoted in a filing with the Securities and Exchange Commission last month.
Reuters said that 9.4 million of the shares sold were owned by UiPath, with the remaining 14.5 million sold by existing investors. The shares will start trading publicly Wednesday on the New York Stock Exchange under the ticker symbol “PATH.”
UiPath IPO Prices Above Range to Raise $1.3 Billion
Bloomberg 2 hrs ago Katie Roof and Crystal Tse
(Bloomberg) UiPath Inc. and its shareholders raised $1.3 billion in an initial public offering, pricing shares above a marketed range but valuing the automation software maker below its February funding round.
Popular Searches
The company and investors sold almost 24 million shares on Tuesday for $56 each, according to a statement confirming an earlier Bloomberg News report. The shares had been marketed for $52 to $54, a range that the company elevated on Monday from $43 to $50.
The listing gives the company a market value of $29 billion based on the outstanding shares listed in its prospectus filed with the U.S. Securities and Exchange Commission. Including employee stock options and restricted stock units, that valuation is more than $31 billion.