BPRMF - Unicorn stock UiPath set to begin trading after IPO prices at above-range $56 a share

Unicorn stock UiPath (PATH) is set to begin trading Wednesday after the firm’s IPO priced at $56 a share, valuing the company at some $29B and beating the offering’s upsized $52-$54 price range.UiPath, which specializes in robotic process automation (or “RPA”), said in a statement that underwriters sold 23.9M shares of its stock.The initial public offering priced well above both the $43-$50 range that the company had initially estimated its stock would fetch and the $52-$54 price range that the company projected earlier this week.Plans call for UiPath to start trading some time Wednesday on the New York Stock Exchange under the ticker “PATH.”UiPath sold some 9.4M shares to investors, while certain pre-IPO backers made an additionally roughly 14.5M available as sell. PATH also granted underwriters the option to purchase as many as some 3.6M additional shares for overallotments.All told, UiPath expects to have roughly 434.1M Class A and 82.5M

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Unicorn stock UiPath set to begin trading after IPO prices at above-range $56 a share