UiPath (PATH) IPO Opens 17% Higher

April 21, 2021 12:26 PM EDT
Get Alerts PATH Hot Sheet
Price: $69.02 -0.39%

Overall Analyst Rating:
    BUY (= Flat)

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(Updated - April 21, 2021 12:44 PM EDT)

Today's IPO for UiPath, Inc. (NYSE: PATH) opened for trading at $65.50 after pricing 23,890,777 shares of Class A common stock at a price to the public of $56.00 per share.

Morgan Stanley and J.P. Morgan are acting as lead bookrunners for the offering. BofA Securities, Credit Suisse, Barclays, and Wells Fargo Securities are acting as active bookrunners for the offering. SMBC Nikko, BMO Capital Markets, Mizuho Securities, KeyBanc Capital Markets, TD Securities, Truist Securities, Cowen, Evercore ISI, Macquarie Capital, Nomura, and RBC Capital Markets are acting as passive bookrunners for the offering. Canaccord Genuity, D.A. Davidson & Co., Oppenheimer & Co., and Needham & Company are acting as co-managers for the offering.

UiPath has a vision to deliver the Fully Automated Enterpriseā„¢, one where companies use automation to unlock their greatest potential. UiPath offers an end-to-end platform for automation, combining the leading Robotic Process Automation (RPA) solution with a full suite of capabilities that enable every organization to rapidly scale digital business operations.



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