Romanian unicorn UiPath plans to list its shares next year
UiPath, the first unicorn set up by Romanian entrepreneurs, is preparing to list its shares under an initial public offering (IPO) next year, announced the company's co-founder Daniel Dines.
Romania Insider · Journalist
· Updated · 1 min read
UiPath, the first unicorn set up by Romanian entrepreneurs, is preparing to list its shares under an initial public offering (IPO) next year, announced the company's co-founder Daniel Dines.
In February, Dines only indicated that UiPath was approaching the listing of its shares without mentioning a date. Now, Dines announces 2021 as a firm deadline.
"We had plans for listing on the stock exchange even before the pandemic, but we made a promise, namely that we would initiate the IPO only when we are profitable. The pandemic has accelerated our plans. We have a very solid financial situation, and we plan to apply for the IPO next year," Dines said, according to Profit.ro.
One week ago, UiPath attracted new funding from a group of investors led by Alkeon Capital Management, reaching a valuation of over USD 10 bln. The company founded by Daniel Dines and Marius Tirca raised USD 225 mln in a round of Series E financing, obtaining a post-investment valuation of USD 10.2 bln.
(Photo source: Facebook/UiPath)
