Uber’s newly appointed CEO, Dara Khosrowshahi, wasted no time in addressing the company’s IPO prospects, speaking to employees at a recent company meeting.
Khosrowshahi said that Uber could IPO as soon as 18 months. He also stated it could take up to 36 months, but that the timing wasn’t finalized. Placing the IPO sometime in 2019 or 2020.
Since Uber’s former CEO Travis Kalanick resigned from the role in June, due to a plethora of bad press and legal issues, the position had been vacant, with a number of high profile candidates being considered to head the ride-hailing giant.
Uber’s IPO timing is significant. The $68 billion valuation is just paper money until a liquidity event.