If You Invested $5,000 in UiPath's 2021 IPO, This Is How Much You Would Have Today
When work-automation software company UiPath (NYSE: PATH) went public in 2021, it was the third-largest software initial public offering (IPO) of all time, according to CNBC. During its first day of trading, the stock surged from its IPO price of $56 per share to $69, giving it a market capitalization of almost $36 billion.
UiPath's fiscal year ends in January, and for fiscal 2021, the year leading up to its market debut, the company generated just $608 million in full-year revenue. That made UiPath not only one of the biggest software IPOs of all time but also one of the most expensive at nearly 60 times sales.
Trading at a sky-high valuation, UiPath tumbled once market sentiment generally shifted away from high-growth opportunities. And this means that if you invested $5,000 in UiPath's IPO at $69 per share, it was a poorly-timed investment, unfortunately. That $5,000 has dropped to about $1,150 in value as of this writing.
Source Fool.com
