Tuesday 5th January, 2021
Robotic Process Automation provider UiPath has filed confidential paperwork with the U.S. Securities and Exchange Commission SEC ahead of a potential IPO (initial public offering).
“UiPath, Inc. has announced that it has submitted a draft registration statement on a confidential basis to the U.S. Securities and Exchange Commission (the “SEC”) for a proposed public offering of its Class A common stock. The number of shares of Class A common stock to be sold and the price range for the proposed offering have not yet been determined. UiPath intends to commence the public offering following completion of the SEC review process, subject to market and other conditions,” the company said in a statement.
The company has raised more than $1.2 billion from investors like Accel, CapitalG, Sequoia and others.