UiPath’s capitalization passes USD 40 bln as shares climb to new high on NYSE

Romanian-born software robot developer UiPath continued its charge on the New York Stock Exchange (NYSE) on Thursday, April 22, when the PATH shares climbed to a new high of USD 80.

The company’s market capitalization thus went over USD 40 billion and the stake held by UiPath’s Romanian co-founder and CEO Daniel Dines reached a value of USD 8 billion.

UiPath listed its shares on NYSE on Wednesday, April 21. The PATH shares started trading at USD 65, 16% over the price paid by the investors who participated in the company’s initial public offering – USD 56 per share, and closed at USD 69.

On Thursday, the PATH shares opened at USD 73 and, after a small dip, went up to USD 80.

UiPath reaches USD 35 bln capitalization upon NYSE listing. CEO: Our journey began with 10 people in an apartment in Romania

(Photo source: Facebook/UiPath)