Considering the latest valuation of UiPath, $35 billion, Daniel Dines’ stake is worth $1.75 billion.
One class B share has as many voting rights as 35 class A shares, according to the same source. Even with his $1.75 billion, Daniel Dines still has not overtaken Ion Tiriac, who has a fortune of EUR5 billion, according to ZF’s calculations.
UiPath, the most valuable IT startup ever established in Romania, revealed the data in its filings in view of listing on the New York Stock Exchange. It announced it sought to raise $1 billion for the time being, without providing details on the number of shares available or the price, which leads one to believe the amount will actually be higher.
The company run by the former Microsoft employee Daniel Dines posted 81% rise in revenue to $607.6 million in the fiscal year ended January 31, 2021, while net losses shrunk from $520 milion to $92.4 million.
(English version by Loredana Fratila-Cristescu)