By Kuldip K. Ambastha
UiPath Inc. (PATH) was founded in Romania, is now headquartered in New York City, and is a global software platform company focused on robotic process automation. The company’s IPO date was Wednesday, April 21, 2021, during this past trading week. The IPO reference price was $56.00 per share, for 23,890,777 Class A shares. This IPO was one of the largest IPOs ever seen in the software industry and drew the attention of many investors. On Wednesday, April 21, 2021, the stock opened at $65.50 per share. On Friday, April 23, 2021, the stock closed at $75.10 per share. If strong investor demand continues to be seen for the shares of UiPath and other publicly traded software companies, more software companies may IPO in the calendar year of 2021.
Keywords – UiPath Inc., UiPath, PATH, Romania, New York City, global, technology, tech, software, platform, robotic process automation, IPO, Initial Public Offering, equities, stocks, shares.
Disclosure – The principals and clients of Ambastha Financial LLC have no positions in PATH.
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