[CNBC Television] UiPath CEO Daniel Dines on its public debut
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Daniel Dines, co-founder and CEO of UiPath, joins “TechCheck“ to discuss the company’s public debut on the New York Stock Exchange. For access to live and exclusive video from CNBC subscribe to CNBC PRO:
UiPath rose 17% in the company’s stock market debut on Wednesday after the software vendor and its investors reeled in $ billion in the company’s IPO. The shares opened at $.
The company, whose software helps businesses automate repetitive tasks, sold shares Tuesday night at $56 apiece, above its expected price range of $52 to $54. At the opening price, UiPath had a market value of $34 billion.
If underwriters buy their allotted shares, UiPath’s offering will be the third-biggest ever for a U.S. software company, behind only cloud database vendor Snowflake, which raised $3.9 billion in September, and Qualtrics, which pulled in $ billion in January after spinning out of SAP. UiPath is hitting the market at a time of rapid growth, as businesses from health care to energy producers look for ways to automate operations in their finance, human resources and legal departments.
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