Will UiPath Raise Up to $ 1.1 Billion?

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Ella Jones, Deputy Editor In Chief

Date: 21.04.2021

UiPath Inc., an automation software maker, and its shareholders are seeking to raise up to $1.1 billion in its U.S. initial public offering.

UiPath is offering 6.8 million shares while shareholders including its chairman, Accel and Alphabet Inc’s investment fund, will offer 14.5 million shares, according to a prospectus filed with U.S. Securities and Exchange Commission Monday. The IPO shares, all class A, are being marketed at $43 to $50 each.

At the top end of the price range, UiPath would have a market capitalization of $25.8 billion, according to the total number of shares outstanding listed in the prospectus.

UiPath said in July that it was valued at $10.2 billion in a funding round, up from a valuation of $7 billion in a previous round in 2019.

by Ella Jones | Linkedin

#News #IPO #ICO #UiPath #Wcryptn.com

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