UiPath’s $1.54 Billion Initial Public Offering

Davis Polk advised the representatives of the several underwriters on the deal while Cooley LLP represented UiPath.

UiPath, Inc. executed its $1.54 billion initial public offering of 27,474,393 shares of Class A common stock, of which 13,000,000 shares were issued and sold by UiPath, including 3,583,616 shares issued and sold pursuant to the full exercise by the underwriters of their option to purchase additional shares, and 14,474,393 shares were sold by the selling stockholders. The common stock is listed on the New York Stock Exchange under the symbol “PATH.”

UiPath has a vision to deliver the Fully Automated Enterprise, one where companies use automation to unlock their greatest potential. UiPath?offers an end-to-end platform for  automation, combining the leading?Robotic Process Automation?(RPA) solution with a full suite of capabilities that enable every organization to rapidly scale digital business operations.

The Davis Polk capital markets team advising Morgan Stanley & Co. LLC and J.P. Morgan Securities LLC, as representatives of the underwriters, included partners Byron B. Rooney (Picture), Yasin Keshvargar and Alan F. Denenberg and associates Stephen A. Byeff and Dennis Chu. The intellectual property and technology transactions team included partner Pritesh P. Shah and associates Jesse L. Hallock and Brette L. Trost. The tax team included counsel Ethan R. Goldman. Counsel Marcie A. Goldstein provided FINRA advice. 

The Cooley team included Nicole Brookshire, Eric Jensen, Matthew Dubofsky, Owen Williams, Katherine Denby, Amber Groves, Kendra Fox, Ryan Lewis, Robin Lee, Stephanie Gentile, Randy Sabett, Tania Soris, Barbara Mirza, Carly Mitchell, Rebecca Ross, David Hopkins, Susan Christoff, Veronica Caba, Eileen Marshall and Francis Wheeler. 

Involved fees earner: Nicole Brookshire – Cooley LLP; Katherine Denby – Cooley LLP; Matthew Dubofsky – Cooley LLP; Kendra Fox – Cooley LLP; Stephanie Gentile – Cooley LLP; Amber Groves – Cooley LLP; David Hopkins – Cooley LLP; Eric Jensen – Cooley LLP; Ryan Lewis – Cooley LLP; Eileen Marshall – Cooley LLP; Barbara Mirza – Cooley LLP; Carly Mitchell – Cooley LLP; Susan Piascik Christoff – Cooley LLP; Rebecca Ross – Cooley LLP; Randy Sabett – Cooley LLP; Tania Soris – Cooley LLP; Francis Wheeler – Cooley LLP; Owen Williams – Cooley LLP; Stephen Byeff – Davis Polk & Wardwell; Dennis Chu – Davis Polk & Wardwell; Alan Denenberg – Davis Polk & Wardwell; Ethan Goldman – Davis Polk & Wardwell; Marcie Goldstein – Davis Polk & Wardwell; Jesse Hallock – Davis Polk & Wardwell; Yasin Keshvargar – Davis Polk & Wardwell; Byron Rooney – Davis Polk & Wardwell; Pritesh P. Shah – Davis Polk & Wardwell; Brette Trost – Davis Polk & Wardwell; Joshua Zachariah – Goodwin Procter;

Law Firms: Cooley LLP; Davis Polk & Wardwell; Goodwin Procter;

Clients: J.P. Morgan Securities LLC; Morgan Stanley; UiPath Inc. ;

Author: Martina Bellini