UiPath’s New York Stock Exchange debut scheduled for Wednesday will mark one of the biggest software IPOs in U.S. history.
UiPath priced 23.89 million shares at $56 per share, a source said. The company on Monday had increased its indicated target range to $52 and $54 per share, up from $43 to $50. Of the shares sold, 9.4 million were by UiPath and about 14.5 million were from existing investors.
The IPO values UiPath at $29 billion.
UiPath’s shares are scheduled to start trading on April 21 on the New York Stock Exchange under the symbol “PATH”. Morgan Stanley and J.P. Morgan are the lead underwriters on the IPO.