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UPDATE 2-UiPath boosts IPO price range, aims for $28 bln valuation msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
By Reuters Staff 2 Min Read (Reuters) -Robotic process automation startup UiPath Inc is targeting a valuation of nearly $26 billion in its U.S. initial public offering (IPO), a regulatory filing on Monday showed. The New York-based company plans to sell 21.3 million shares priced at between $43 and $50 per share, raising about $1.06 billion. UiPath was valued at $35 billion during a funding round earlier this year. The company uses artificial intelligence and low-code tools to help large corporations and government agencies automate repetitive and routine tasks in areas such as accounting and human resources, a service that has gained popularity during the COVID-19 pandemic. ....
UPDATE 1-Software maker UiPath aims for nearly $26 bln valuation in U.S. IPO Reuters 1 hr ago April 12 (Reuters) - Robotic process automation startup UiPath Inc is targeting a valuation of nearly $26 billion in its U.S. initial public offering (IPO), a regulatory filing on Monday showed. The New York-based company plans to sell 21.3 million shares priced at between $43 and $50 per share, raising about $1.06 billion. UiPath was valued at $35 billion during a funding round earlier this year. The company uses artificial intelligence and low-code tools to help large corporations and government agencies automate repetitive and routine tasks in areas such as accounting and human resources, a service that has gained popularity during the COVID-19 pandemic. ....
AI startup UiPath looks to raise $1.1 billion in US IPO msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.