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UiPath opens for trading at $65.72,above IPO price of $56

Tiger Newspress2021-04-22

UiPath opens for trading at $65.72, above IPO price of $56.

UiPath is an automation software maker. The software UiPath provides helps automate repetitive tasks, increasing efficiencies for its clientele. The company’s products have become increasingly attractive for companies looking to boost productivity amid the global pandemic. Accordingly, investors seem bullish on what will be PATH stock.Demandfor this IPO appears to be much higher than initially expected.

Let’s take a look at some of the most important details about the UiPath IPO for potential investors in PATH stock.

  • To start off with, the company is listing its shares on the New York Stock Exchange under the PATH stock ticker.
  • The company islisting shares of its stock for $56 each.
  • That’s higher than its expected IPO price range,which valued shares between $52 to $54 each.
  • UiPath’s IPO also has it offering up 9,416,384 shares of PATH stock.
  • Selling stockholders are listing 14,474,393 shares of stock in the IPO.
  • However, the company’s won’t see any proceeds from selling stockholders offering up their shares.
  • There’s also a 30-day option for underwriters of the IPO to purchase an additional 3,583,616 shares.
  • Morgan Stanley(NYSE:MS) andJPMorgan(NYSE:JPM) and the lead acting bookrunners of the IPO.
  • Bank of America(NYSE:BAC) Securities,Credit Suisse(NYSE:CS),Barclays(NYSE:BCS), andWells Fargo(NYSE:WFC) Securities are active bookrunners for the offering.
  • Several others are also acting as passive bookrunners of the IPO.
  • UiPath’s IPO is set to end on Friday.
  • The company is a developer of automation software.
  • This software allows its customers to increase efficiency by automating repetitive tasks.
  • It looks like investors are hungry for a stock like PATH.
  • UiPath was previously targeting a price range of $43 to $50 with 21.3 million shares.
  • Instead, the company increased the price and share amount to meet demand from potential investors.
  • That means there are high expectations for PATH stock to perform well when it goes public.
  • Excited investors will just have to wait until it starts trading later today to see if the stock can meet those expectations.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Comment177

  • IZLIN
    ·2021-04-25
    @Meow17[Happy] 
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  • TMY_25
    ·2021-04-22
    Woohoo!
    Reply
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  • TMY_25
    ·2021-04-22
    Woohoo..
    Reply
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  • IZLIN
    ·2021-04-22
    @Sagi08[Miser] 
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  • C0RNELIUS
    ·2021-04-22
    Damn
    Reply
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  • Vincewjs
    ·2021-04-22
    Automation software maker...would be good to add one of these into the portfolio
    Reply
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  • TerenceD
    ·2021-04-22
    That’s ?? 
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  • DarH1202
    ·2021-04-22
    wish to buy some
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  • tungngie
    ·2021-04-22
    I read that its customers mainly in romania and europe. Think there are a lot of potential upside, though there are other competitors around the globe. Would buy some if got capital. Hehe. Else i would watch it for now.
    Reply
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  • Supermark
    ·2021-04-22
    Comment pls 
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    • Supermark
      Yes
      2021-04-24
      Reply
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    • Stanpai
      comment back pls thx
      2021-04-22
      Reply
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    • nujnay
      comment back
      2021-04-22
      Reply
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  • Championone
    ·2021-04-22
    Hope to buy 
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  • arachno73
    ·2021-04-22
    Good sign can it hold? 
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  • Superhuat
    ·2021-04-22
    UiPath is interesting, but need to do more DD on valuation before buying.
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    • henghm
      like and comment
      2021-06-18
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  • Gettingthere
    ·2021-04-22
    Ark invest bought a lot of this stock after its IPO
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  • seejy
    ·2021-04-22
    like and comments
    Reply
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    • Jing Hao
      Liked and comment.
      2021-04-22
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    • elite
      done
      2021-04-22
      Reply
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  • buckethead
    ·2021-04-22
    Nevermind what they write, I'm posting for coins ?
    Reply
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    • ckw0301
      Hope you get your coins ?
      2021-04-22
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    • Jing Hao
      Liked and comment.
      2021-04-22
      Reply
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  • YWC
    ·2021-04-22
    Up
    Reply
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  • Cellvin
    ·2021-04-22
    Like and comments..?
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    • Cellvin
      Btw is good company
      2021-04-22
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  • Korimerla
    ·2021-04-22
    Yes it's  IPO time
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  • Ddsl
    ·2021-04-22
    Like and comment pls
    Reply
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