Bloomberg: UiPath could launch IPO early next year

The company is now speeding up its plans for an initial public offering in the U.S. in light of Covid-19.

“You have to become a public company at some point to allow your employees to get more liquidity, give them stock options. We’re almost there,” Dines said in an interview with Bloomberg.

Definitely next year, in case the market conditions will be okay for an IPO, we are ready to take the step,” Dines said, adding it’s unclear whether the company is aiming for an IPO in the first or second half of 2021.

The company, which is now based in New York but has a large development center in Bucharest, has drawn about USD 1 billion worth of venture financing in the last five years and reached a valuation of USD 7 billion. Its annual recurring revenues hit USD 360 million in 2019.

Read more here: Bloomberg: Romanian unicorn UiPath could launch IPO early next year

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