Things are moving fast in the world of business-to-business software.
Witness UiPath, the Romanian-founded workplace automation software company. Barely two months after raising $750m at a $35bn valuation, the company has unveiled a prospectus for an initial public offering that could value it well above that mark.
If all goes to plan, UiPath would likely rank as the largest software IPO since Snowflake’s blockbuster $3.4bn listing last year, which sent the company’s shares soaring more than 160 per cent.
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