Getting to the bottom of UiPath’s plunging valuation

Just over a year ago, UiPath was among the most favored startups in the world. Last February the company raised a massive $750 million round at a staggering $35 billion valuation. The robotic process automation, or RPA company, was firing on all cylinders.
By the time that UiPath went public in April of last year, its final private price looked a bit, well, pricey. The company’s early IPO price range was underneath its last valuation, but after raising that range and pricing above it, the unicorn was still valued at a modest deficit to that $35 billion figure.
During its first day’s trading ho

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