UiPath (PATH) IPO Opens 17% Higher

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(Up to date – April 21, 2021 12:44 PM EDT)

As we speak’s IPO for UiPath, Inc. (NYSE: PATH) opened for buying and selling at $65.50 after pricing 23,890,777 shares of Class A standard inventory at a value to the general public of $56.00 per share.

Morgan Stanley and J.P. Morgan are performing as lead bookrunners for the providing. BofA Securities, Credit score Suisse, Barclays, and Wells Fargo Securities are performing as lively bookrunners for the providing. 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 performing as passive bookrunners for the providing. Canaccord Genuity, D.A. Davidson & Co., Oppenheimer & Co., and Needham & Firm are performing as co-managers for the providing.

UiPath has a imaginative and prescient to ship the Totally Automated Enterprise™, one the place corporations use automation to unlock their biggest potential. UiPath affords an end-to-end platform for automation, combining the main Robotic Course of Automation (RPA) resolution with a full suite of capabilities that allow each group to quickly scale digital enterprise operations.

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