Home » today » Business » the shares have minus 23% and are traded below the price in the listing offer. The value of the company, minus 7.6 billion dollars

the shares have minus 23% and are traded below the price in the listing offer. The value of the company, minus 7.6 billion dollars

♦ Daniel Dines’ fortune, from about $ 7.5 billion to about $ 5.8 billion in cynical months ♦ By comparison, the Dow Jones has plus 1.3% in five months, Nasdaq plus 8% and BET plus 10 %.

Those who bought shares of UiPath – the first Romanian unicorn to reach Wall Street, the largest stock exchange in the world, in the first trading session, respectively April 21, 2021, are today at a disadvantage despite growing US stock market indices. Thus, five months after UiPath made history, being the first company to leave Romania and reach Wall Street, the shares are traded at $ 53, below the price of $ 69 in the first meeting, and even below the price in the listing offer. of $ 56, largely due to financial results. In other words, five months after the listing, UiPath has minus 23%, which means that the company’s market value has dropped by about $ 8 billion to about $ 27 billion. At these prices, the fortune of Daniel Dines, CEO and co-founder of the company, given by the investment in UiPath, is about $ 5.8 billion compared to about $ 7.5 billion in the first meeting.

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