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UiPath climbs 23% in stock market debut after one of largest US software IPOs in history - TL;DR CNBC

UiPath climbs 23% in stock market debut after one of largest US software IPOs in history

Publishing timestamp: 2021-04-21 16:30:33


Summary

UiPath and its investors raised $1.34 billion in IPO, with shares rising 23% in stock market debut. The company's software automates repetitive tasks and has seen significant revenue growth. Despite a shift in investor sentiment towards cloud software companies, UiPath's strong customer retention and growth potential have positioned it well in the market.


Sentiment: POSITIVE

Tickers: .BBKASNOWWCLD?QSEARCHTERM=WCLDXM?QSEARCHTERM=XM

Keywords: business newsipobreaking news: technologybusinesssnowflake inc.technologysocial mediasap ag

Source: https://www.cnbc.com/2021/04/21/uipath-rises-17percent-in-nyse-debut-after-one-of-top-software-ipos-ever.html


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