Just over a year ago, UiPath was among the most favored startups in the world. Last February the company raised a massive $750 million round at a staggering $35 billion valuation. The robotic process automation, or RPA company, was firing on all cylinders.
By the time that UiPath went public in April of last year, its final private price looked a bit, well, pricey. The company’s early IPO price range was underneath its last valuation, but after raising that range and pricing above it, the unicorn was still valued at a modest deficit to that $35 billion figure.
During its first day’s trading however, the company managed to crest the price set by its round worth three-quarters of a billion dollars. TechCrunch chatted with the company’s CFO about its method of going public at that time, and the timing of its debut for more context; the executive praised the ability to attract new investors in a traditional offering, instead of the more trendy direct listing option.
UiPath’s value shot to as much as $90 per share, pushing its valuation to around $43 billion per YCharts data.
Since then, however, …
