Uber may go public in 18-36 months: Khosrowshahi


Uber Technologies will change its culture and the company could go public within the next three years, the ride-hailing service’s new chief executive Dara Khosrowshahi announced. Khosrowshahi made the remarks while introducing himself to the San Francisco-headquartered company’s workforce during an all-staff meeting earlier this week.

This company has to change,” Khosrowshahi told employees, according to the Twitter feed of Uber’s communications team. “What got us here is not what’s going to get us to the next level.”

He told company employees that the ride-hailing service would likely go public in eighteen to thirty-six months.

Some analysts noted that it is quite common for venture capital-backed companies to hint or signal an initial public offering (IPO) at an indistinguishable time in the future.

Khosrowshahi, who led popular travel-booking site Expedia Inc for around a dozen years, has been appointed Uber CEO as the company is trying to recover from a string of crises that forced former CEO Travis Kalanick to depart in June this year.