UiPath files for IPO on the New York Stock Exchange

UiPath, the biggest robotic process automation (RPA) company in the world, founded in Bucharest by two Romanian entrepreneurs, has filed the documentation for an initial public offering (IPO) on the New York Stock Exchange (NYSE). UiPath’s shares will trade on NYSE under the ticker PATH, according to Romania-Insider.com.

The IPO prospectus doesn’t mention the price at which UiPath plans to sell its shares or the targeted valuation, as these will be determined based on the investors’ interest. However, it provides new information about the company’s financial results.

In the financial year ended in January 2021, UiPath recorded annualized recurring revenues (ARR) of USD 580 mln, up by 65% compared to the previous year, and a net loss of USD 92 mln, down from USD 520 mln in the previous year.

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