UiPath (PATH) IPO Opens 17% Higher

UiPath Announces Pricing of Initial Public Offering

NEW YORK--(BUSINESS WIRE)-- UiPath, Inc. today announced the pricing of its initial public offering of 23,890,777 shares of Class A common stock at a price to the public of $56.00 per share. UiPath is offering 9,416,384 shares of Class A common stock and the selling stockholders named in the prospectus are offering 14,474,393 shares of Class A common stock. In addition, UiPath has granted the underwriters a 30-day option to purchase up to 3,583,616 additional shares of Class A common stock at the initial public offering price less underwriting discounts and commissions. UiPath will not receive any proceeds from the sale of... More