https://techcrunch.com/2022/04/27/uipath-names-former-google-cloud-exec-co-ceo-to-steer-its-future/

UIPath, the RPA company that went public a year ago, was once hotter than hot in a space that was sizzling. Consider that it raised $750 million in February, 2021 at an astonishing $35 billion valuation. It went public a couple of months later to much fanfare, finishing its opening day of trading above that final valuation.

The future looked bright, but the reality of being a public company has proven challenging. Today, its market cap sits at under $10 billion, a precipitous drop from its final private valuation. The 52 week high for the stock price was $90.00 per share, the low was $17.66, and the stock is up over 2% on the news to $18.61 this afternoon.