CapitalG is selling $85.5m of shares in the robotic process automation technology producer as part of an offering sized at almost $1.34bn.
UiPath, a US-based robotic process automation (RPA) technology provider backed by internet group Tencent and internet technology conglomerate Alphabet, is floating today in an initial public offering sized at approximately $1.34bn.
The company is issuing just over 9.4 million shares priced at $56.00 each while shareholders are selling almost 14.5 million additional shares. The price was above a $52 to $54 range which had already been increased from $43 to $50.
Alphabet’s growth equity arm, CapitalG, is among the selling…
