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When work-automation software company UiPath (NYSE: PATH) went public in 2021, it was the third-largest software initial public offering (IPO) of all time, according to CNBC. UiPath's fiscal year ends in January, and for fiscal 2021, the year leading up to its market debut, the company generated just $608 million in full-year revenue. Trading at a sky-high valuation, UiPath tumbled once market sentiment generally shifted away from high-growth opportunities.