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UiPath stock surges in trading debut, pushing market cap well past $35 billion – MarketWatch

Rally returns market cap past private valuation from February

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UiPath Inc. shares surged out of the gate on their first day of trading Wednesday following weeks where the software robots company kept pushing up its expected pricing to catch up to its recent private valuation.
UiPath
PATH,
+23.21%
shares opened at $65.50 Wednesday, after the company priced its IPO at $56 a share for a valuation of more than $29 billion late Tuesday. From there, shares rallied to a high of $70.74, or more than 25% above their IPO price, closing the session up 23.1% at $69.00,…

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