Robotic process automation giant UiPath (PATH) plans to go public through an IPO. This is the latest automation company to debut on the open markets.
“Our platform is designed to eliminate the need for employees to execute low-value, manual tasks, freeing up time to focus on more meaningful, strategic work,” UiPath states in the S-1 filing. “Society is at a turning point in how organizations execute work, and we believe the ability to leverage software to enrich the employee experience will unlock tremendous value and efficiency opportunities.”
The IPO is being led by Morgan Stanley, JPMorgan Chase & Co., Bank of America Corp., Credit Suisse Group AG, Barclays Plc, and Wells Fargo & Co.