MSFT - Robotic process automation company UiPath picks advisers for H1 2021 IPO - Bloomberg

Bloomberg sources say UiPath is working with advisers JPMorgan, Morgan Stanley, Bank of America, and Credit Suisse on a potential IPO that could happen as early as H1 2021.Plans and the timing of the listing could still change.Sources say the company could be valued at more than $20B in the offering after disclosing a $10.2B valuation during a funding round in July.UiPath competes with Blue Prism (BPRMF) Softomotive, the robotic automation company that Microsoft (MSFT) acquired in May. Last year, Microsoft added robotic process automation capabilities to its Power Automate solution.Check out the latest IPO news.

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Robotic process automation company UiPath picks advisers for H1 2021 IPO - Bloomberg