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UiPath shares trade on New York Stock Exchange

Thursday 22nd April, 2021

Robotic Process Automation provider UiPath announced on Tuesday this week the pricing of its initial public offering (IPO) of 23,890,777 shares of Class A common stock at a price to the public of $56.00 per share.

The shares began trading on the New York Stock Exchange on Wednesday, and the offering is expected to close on 23rd April 2021.

UiPath rose 23% in the company’s stock market debut on Wednesday after the software vendor and its investors reeled in $1.34 billion in the company’s IPO. The shares closed at $69.

If underwriters buy their allotted shares, UiPath’s offering will be the third-biggest ever for a U.S. software company, behind only cloud database vendor Snowflake, which raised $3.9 billion in September, and Qualtrics, which pulled in $1.78 billion in January after spinning out of SAP. CNBC reported.

This comes after UiPath filed confidential paperwork with the U.S. Securities and Exchange Commission SEC ahead of a potential IPO in January.

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