Deals
UiPath Says It Filed Confidentially for IPO, Could Be Valued at More Than $20 Billion
- Software maker could have $20 billion-plus value in 2021 IPO
- Company has about $500 million in annual recurring revenue
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UiPath Inc., an automation software maker that could be valued at more than $20 billion, said it has filed confidentially for an initial public offering.
The size and price of the offering hasn’t been determined yet, UiPath said in a statement Thursday confirming an earlier report by Bloomberg.