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Uber CEO plans to go public in 2019

Uber CEO plans to go public in 2019”

There have always been reports that Uber is thinking about going public.

Speaking at a New York Times conference, Dara Khosrowshahi said "2019 is the target" and that co-founder and former CEO Travis Kalanick and the rest of the board agree on the plan for an initial public offering.

Shortly after he took over for resigned CEO Travis Kalanick, Khosrowshahi said he hoped to go public within 18 to 36 months.

Uber and SoftBank still haven't decided on the price of the deal.

He has now talked about this possibility in more detail. SoftBanks has no "particular interest in going public", according to the Uber CEO, which means that funding process is independent of its IPO strategy. He now says that it's a possibility in 2019.

"We have all the disadvantages of being a public company as far as the spotlight on us without any of the advantages of being a public company", he said during an on-stage interview.

His stance on this is completely opposite to that of Kalanick who pushed to keep Uber private for as long as possible and didn't see any urgency in tapping the public markets for cash.

Khosrowshahi said SoftBank has not made any demands about an IPO.

"They are the ultimate long-term investor", he said.

"Her bottom-up view of what it's really like to be a female, entry-level employee inside this major driver of the American economy will offer crucial insight into how all women - not just those at the top - can navigate challenging work environments".



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