Davis Polk advised the representatives of the several underwriters in connection with the $1.54 billion initial public offering of 27,474,393 shares of Class A common stock of UiPath, Inc., of which 13,000,000 shares were issued and sold by UiPath, including 3,583,616 shares issued and sold pursuant to the full exercise by the underwriters of their option to purchase additional shares, and 14,474,393 shares were sold by the selling stockholders. The common stock is listed on the New York Stock Exchange under the symbol “PATH.”
UiPath has a vision to deliver the Fully Automated Enterprise, one where companies use automation to unlock their greatest potential. UiPath offers an end-to-end platform for automation, combining the leading Robotic Process Automation (RPA) solution with a full suite of capabilities that enable every organization to rapidly scale digital business operations.
The Davis Polk capital markets team included partners Byron B. Rooney, Yasin Keshvargar and Alan F. Denenberg and associates Stephen A. Byeff and Dennis Chu. The intellectual property and technology transactions team included partner Pritesh P. Shah and associates Jesse L. Hallock and Brette L. Trost. The tax team included counsel Ethan R. Goldman. Counsel Marcie A. Goldstein provided FINRA advice. Members of the Davis Polk team are based in the New York and Northern California offices.