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UiPath IPO Prices Above Range to Raise $1.3 Billion


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.
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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. ....

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