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Automation Platform UiPath Files Confidential S-1 To Go Public

Robotic process automation platform UiPath has filed confidentially for an IPO.

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Bloomberg first reported news of the filing, which was then confirmed in a statement by UiPath. 

The company, which is based in New York, has raised around $1.2 billion in funding and is backed by investors including Coatue and Accel. It most recently raised money with a $225 million Series E led by Alkeon Capital. 

Next year is already looking to be robust in terms of IPOs. As Crunchbase News previously reported, the IPO pipeline for December 2020 and early 2021 was expected to be strong, given the low volatility and high valuations for companies. December has already seen high-profile companies like DoorDash and Airbnb go public, with their stocks surging on their first days of trading.

“Pay later” lender Affirm and gaming platform Roblox recently filed S-1 statements publicly and were reported to have pushed their IPOs to 2021, and clothing resale marketplace Poshmark filed its S-1 publicly on Thursday, likely lining it up for an early 2021 IPO. Cryptocurrency platform Coinbase also said it filed for a confidential IPO, and on Friday Bloomberg reported that dating app Bumble is making plans for an IPO in February 2021.

Illustration: Li-Anne Dias 

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