Blazing their own path: Romanian-born UiPath continues to build on its blockbuster IPO

On May 5th, Deloitte became the first global systems integrator to achieve UiPath service network partner certification. UiPath created its Services Network Program so that UiPath clients could use a network of service providers to receive premier Robotic Process Automation (RPA) implementations.

A day before, Ingram Micro, a US-based IT products and services company, announced an expanded partnership with UiPath, focusing on robotics. The relationship between the two companies which began in India and China in 2018, has now expanded worldwide.

The third-largest IPO for a US software company

These partnerships come on the heels of the splash that UiPath made with its recent IPO on the NYSE on April 21st. Two days later, UiPath announced that it was closing its initial public offering. Trading under the ticker PATH, the approximately 27.5 million shares of class A and B shares had all been sold, including full exercise of the underwriters’ option to purchase around 3.5 million class A shares. The IPO price per share was set at $56, and after the first day, closed at $69, raising $1.5 billion and becoming the third-largest ever IPO for a US software company. Since the IPO, shares have been trading at around $70.

67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. 

Let a robot handle it

UiPath offers a simple solution to an important problem that businesses face. A significant percentage of the daily workload consists of mundane time-consuming processes which don’t necessarily advance the business. In the past, the solution was to employ new staff or use existing staff for these tasks. 

UiPath employs Robotic Process Automation (RPA), a computer robot that can perform various mundane tasks, thereby allowing employees to focus on more important and more creative tasks. In modern enterprises, automation is nothing new, however, its use was previously limited to developers and engineers. UiPath brings automation to the everyday employee, leveraging AI-based computer vision which allows the robot to learn and execute a range of actions that would normally require a human being.

Some of the actions that the UiPath robot can perform include logging into applications, extracting information from documents, filling in forms, updating information fields and databases and moving folders. However, the robots are not static. They have the ability to continually learn from, and replicate workers’ steps in executing business processes that drive continuous optimisation and enhancement in operational efficiencies.  

Proud of the journey

With a market capitalisation of more than $35 billion, CEO Daniel Dines has become the wealthiest man in Romania with a more than $7.4 billion stake in the company. Dines is proud that UiPath has become the first Romanian-born company to reach the NYSE, and recalls the journey: 

“Our journey began with 10 people in an apartment in Romania. We grew in six years into a multinational business operating in nearly 30 countries, becoming one of the fastest-growing modern enterprise software companies ever. It is a tribute to our product, our speed of innovation, and the market opportunity being perfectly aligned. But it is also a tribute to the people and the culture of UiPath.”

Uipath was founded by Dines in 2005. The company began operations in Romania under the name Deskover. A decade later, the company switched its name to UiPath and began focusing on robotics. The company’s headquarters are in NY.

UiPath has more than 7,000 customers spanning a variety of industries. Some of the big names include: AdobeApplied MaterialsChevronChipotle Mexican GrillCrowdStrikeCVS HealthDeutsche Post DHL, EY as well as 80% of the Fortune 10 and 63% of the Fortune Global 500 companies. 

eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs. 

Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. 

Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision. 

Copy trading is a portfolio management service, provided by eToro (Europe) Ltd., which is authorised and regulated by the Cyprus Securities and Exchange Commission. 

Cryptoassets are volatile instruments which can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading cryptoassets is unregulated and therefore is not supervised by any EU regulatory framework. 

adrinvestors.com

You should seek advice from an independent and suitably licensed financial advisor and ensure that you have the risk appetite, relevant experience and knowledge before you decide to trade. Under no circumstances shall ADR Investors or eToro have any liability to any person or entity for (a) any loss or damage in whole or part caused by, resulting from, or relating to any transactions related to CFDs or (b) any direct, indirect, special, consequential or incidental damages whatsoever. Trading with ADR Investors via eToro by following and/or copying or replicating the trades of other traders involves a high level of risk, even when following and/or copying or replicating the top-performing traders. Such risks includes the risk that you may be following/copying the trading decisions of possibly inexperienced/unprofessional traders, or traders whose ultimate purpose or intention, or financial status may differ from yours. Past performance of an eToro Community Member is not a reliable indicator of their future performance. Content on eToro’s social trading platform is generated by members of its community and does not contain advice or recommendations by or on behalf of eToro | Copyright © adrinvestors.com | an eToro partner.

Past performance is not an indication of future results.
General Risk Disclosure | Terms & Conditions

Create your website with WordPress.com
Get started
%d bloggers like this: