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UiPath is possibly going to IPO 4/20/2021.
UiPath prides itself on automating companies.
It basically makes money by selling licenses.
Currently the CEO has majority ownership. After IPO, ceo is expected to hold 85% of the outstanding shares.
Class A shares have vote rights and are up for IPO.
Class B shares have 20 votes per share and are not up for IPO.
they have yet to make a profit.
The prospectus can be found at sec.report
It is not formatted well.
Their growth at scale chart looks impressive.
However, they have yet to make a profit and they plan to donate up to $500K to charity from the net proceeds of this IPO.
Their fiscal year ends Jan 31. As of Jan 31, 2021 they have an accumulated deficit of 970.4 million dollars.
They have a bunch of competitors and their platform depends on third party tools.
Some of their competitors: Microsoft, Kyron Systerms, Appian Corp, Automation Anyware, WorkFusion
My guess is they hope to be acquired down the road.
In the prospectus they state the value of the class A shares could significantly decrease because of these and other risks (see prospectus).
they are dependent on a few core customers, if those customers fail to renew, then they could be badly harmed.
I have not read the whole prospectus. I don't plan on purchasing shares at IPO. If you are considering this company, what factors interest you?
I do plan to follow the company and see what happens with it.
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