Robotic automation company UiPath files to go public — revenue grew 81% last year, losses pared

Date:2021-03-30 00:04:14 Posted by:coowa View:49

Robotic process automation company UiPath filed its IPO prospectus with the Securities and Exchange Commission on Friday, and plans to list on the New York Stock Exchange under the ticker symbol PATH.

The company brought in $607.6 million in revenue for the fiscal year ended Jan. 31 — an 81% jump from last year, according to the filing. The company also became cash-flow positive in 2020, as net losses fell from $519.9 million in 2020 to $92.3 million in 2021.

For more information visit https://www.cnbc.com/2021/03/26/uipath-files-s-1-for-ipo.html

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