Companies & Funds, Ipo, Software

Companies & Funds, Ipo

UiPath’s $28 bln IPO may be as hot as Snowflake

New York-based software firm UiPath is expected to go public this week. The $28 billion IPO may be as hot as data-outfit Snowflake, says @rob_cyran.

4/19/2021 10:57:00 PM

New York-based software firm UiPath is expected to go public this week. The $28 billion IPO may be as hot as data-outfit Snowflake, says rob_cyran.

The company's revenue from software robots that replace humans doing boring back-office tasks is growing 80% annually. A valuation of over 40 times last year's sales looks feverish in objective terms, but cheap relative to in-demand technology peers like data outfit Snowflake.

Context NewsUiPath raised the indicated range for its upcoming initial public offering on April 19 and is now seeking a valuation of up to $28 billion based on shares outstanding. The New York-based company produces software that automates repetitive back-office tasks in areas such as human resources and accounting. UiPath is selling 9.4 million new shares and existing investors are selling 14.5 million shares at an indicative price between $52 and $54 each. Underwriters also have the option to buy an additional 3.6 million shares from the company.

Israel threatens Gaza ground invasion despite truce efforts 'A great day for America,' Biden says, touting CDC's eased mask guidance Joy calls Republican Governors the ‘absolute worst’ for turning away money for their constituents

UiPath's revenue for the year ending Jan. 31 was $608 million, an increase of 81% from the prior year. The company’s operating loss was $110 million, compared to a loss of $517 million the previous year.The company is expected to price its IPO on April 20 with the shares starting to trade on April 21.

Source: REUTERS/Brendan McDermidThe sun sets on midtown Manhattan during a blackout in New York City, U.S., July 13, 2019. Read more: ReutersBreakingviews »

NASA’s Perseverance Captures Video, Audio of Fourth Ingenuity Flight

Sounds of the Mars Helicopter’s whirring rotors add another new dimension to the historic project.

Restaurant survival hopes pick up as $28.6B in grants beginThousands of restaurants and bars decimated by COVID-19 have a better chance at survival as the government begins handing out $28.6 billion in grants _ money to help these businesses stay afloat while they wait for customers to return No thanks to Republicans!! RepDonBacon We are now living in a country our Founding Fathers fought to escape. This is inaccurate reporting. These restaurants and bars weren’t devistated by Covid-19, but rather, by their own government.

Biden touts $28.6B restaurant relief program during Cinco de Mayo taco runThe White House said that 186,200 restaurants, bars and other eligible businesses had applied for the program over its first two days of accepting applications.

UiPath IPO: 5 things to know about the ‘software robots’ company valued at nearly $30 billionUiPath Inc. launches its initial public offering at a valuation close to what it received from venture-capital investors, with help from automation it... nice

As UiPath Shares Jump 20% In IPO, Billionaire CEO Daniel Dines Talks ‘Incredible’ Odds From Romania To $30 Billion-Plus Market CapUiPath CEO Daniel Dines talks IPO s vs. direct listings, turning down Masa, and how improved efficiency got his company to trade on the New York Stock Exchange on Wednesday.