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UiPath Rises in Trading Debut After $1.3 Billion Software IPO

  • Automation software maker’s backers include Accel, Alphabet
  • UiPath builds back earlier valuation in first day of trading
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WATCH: Daniel Dines, CEO and co-founder of UiPath Inc, discusses the company's successful debut on the New York Stock Exchange in a $1.3 billion IPO. (Source: Bloomberg)
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Automation software maker UiPath Inc. climbed in its trading debut after its $1.3 billion initial public offering, surpassing its valuation in a private funding round this year.

The shares closed up 23% to $69 Wednesday in New York, giving UiPath a market valuation of about $36 billion and a fully diluted value, including employee stock options and restricted stock units, of more than $38 billion. The company and investors sold almost 24 million shares on Tuesday for $56 each.