Tencent and CapitalG-backed automation technology provider UiPath has issued approximately $200m of extra shares to close its initial public offering.
UiPath, the robotic process automation (RPA) software producer that counts internet technology conglomerate Alphabet and internet group Tencent as investors, closed its initial public offering at almost $1.54bn on Friday.
The company issued 9.4 million shares on Wednesday priced at $56.00 each, above the $52 to $54 range for the offering, while investors including Alphabet unit CapitalG sold nearly 14.5 million more shares.
The extra shares bumped the number issued by UiPath to 13 million and the move came…
