UiPath, the first unicorn set up by Romanian entrepreneurs, is preparing to list its shares under an initial public offering (IPO) next year, announced the company's co-founder Daniel Dines.

In February, Dines only indicated that UiPath was approaching the listing of its shares without mentioning a date. Now, Dines announces 2021 as a firm deadline.

"We had plans for listing on the stock exchange even before the pandemic, but we made a promise, namely that we would initiate the IPO only when we are profitable. The pandemic has accelerated our plans. We have a very solid financial situation, and we plan to apply for the IPO next year," Dines said, according to Profit.ro.

One week ago, UiPath attracted new funding from a group of investors led by Alkeon Capital Management, reaching a valuation of over USD 10 bln. The company founded by Daniel Dines and Marius Tirca raised USD 225 mln in a round of Series E financing, obtaining a post-investment valuation of USD 10.2 bln.

editor@romania-insider.com

(Photo source: Facebook/UiPath)