Impressive market debut for UiPath

By: Miguel A. Rodriguez

12:36, 22 April 2021

1619082421.png
One of the most expected IPOs of 2021 finally took place: UiPath made its market debut on NYSE

UiPath rose 23% on its debut, closing at $69 per share, after it initially sold at $56 apiece, above the expected price range of $52 - $54. At the end of the trading session, UiPath was boasting a market value of $35.8 billion.

But if underwriters buy their allotted shares, UiPath’s listing will be the third-largest IPO for a US software company, after Snowflake’s $3.9 billion and Qualtrics’ $1.78 billion.

Daniel Dines, the company’s CEO, controls 88% of voting shares. He is the largest stakeholder, having more than 110 million shares valued at over $7 billion, based on Wednesday closing price.  

UiPath is trading on the New York Stock Exchange under the symbol PATH.

At the moment of writing, UiPath stock price seems to continue its momentum, trading 5.34 higher.

Find out more about UiPath here!

Sources: Bloomberg.com, cnbc.com

Share this article

This information prepared by capex.com/za is not an offer or a solicitation for the purpose of purchase or sale of any financial products referred to herein or to enter into any legal relations, nor an advice or a recommendation with respect to such financial products.This information is prepared for general circulation. It does not regard to the specific investment objectives, financial situation, or the particular needs of any recipient.You should independently evaluate each financial product and consider the suitability of such a financial product, by taking into account your specific investment objectives, financial situation, or particular needs, and by consulting an independent financial adviser as needed, before dealing in any financial products mentioned in this document.This information may not be published, circulated, reproduced, or distributed in whole or in part to any other person without the Company’s prior written consent.
Past performance is not always indicative of likely or future performance. Any views or opinions presented are solely those of the author and do not necessarily represent those of capex.com/zaJME Financial Services (Pty) Ltd trading as CAPEX.COM/ZA acts as intermediary between the investor and Magnasale Trading Ltd, the counterparty to the contract for difference purchased by the Investor via CAPEX.COM/ZA, authorised & regulated by the Cyprus Securities and Exchange Commission with license number 264/15.  Magnasale Trading Ltd is the principal to the CFD purchased by investors.

Most affected instruments

Snowflake

$ 10