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UPDATE 2-UiPath boosts IPO price range, aims for $28 bln valuation


UPDATE 2-UiPath boosts IPO price range, aims for $28 bln valuation
Reuters
3 hrs ago
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April 19 (Reuters) - Automation tech startup UiPath on Monday boosted the price range for its initial public offering (IPO) in New York, and is now targeting a valuation of nearly $28 billion, setting the stage for yet another high-profile tech listing this year.
UiPath s planned debut comes amid a flurry of major tech listings from the Silicon Valley, as a number of startups look to capitalize on the sky-high investor demand for new, high-growth tech stocks.
A number of richly-valued startups such as cryptocurrency exchange Coinbase Global and South Korean e-commerce startup Coupang have already tapped into the red-hot capital markets this year, while other big unicorns such as electric vehicle startup Rivian and Microsoft-backed DataBricks are set to go public later this year. ....

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UiPath boosts IPO price range, aims for $28 bln valuation


Article content
Automation tech startup UiPath on Monday boosted the price range for its initial public offering (IPO) in New York, and is now targeting a valuation of nearly $28 billion, setting the stage for yet another high-profile tech listing this year.
UiPath’s planned debut comes amid a flurry of major tech listings from the Silicon Valley, as a number of startups look to capitalize on the sky-high investor demand for new, high-growth tech stocks.
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