Are IPO valuations really so crazy?
IPOs are occurring at a record pace, but if you look at the detail, such as the recent IPO of UiPath, claims of crazy valuations don’t add up.
April 27th 2021 saw the stock market debut of robotics process automation company, UiPath Inc (US:PATH). And for a very short period of time, the IPO was not going quite as well as planned. It was still an extraordinary story for this Romanian software company, that has seen phenomenal growth. Annual recurring revenue had increased from $1million to $150m over a two year period to the end of 2018. In its latest quarter, it was…
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