Uber Plans IPO, could Go Public inside 18 Months

The journey-sharing large, valued at more than $50 billion, has not pointed out its plans to head public.

August 21, 2015

Uber may go public within the subsequent two years, in step with a report acquired by Reuters.

The San Francisco-primarily based trip-sharing large is predicted to book just about $11 billion in industry this yr—and as much as $26 billion in 2016—and could file for an preliminary public offering in 18 to 24 months, Reuters wrote on Friday, citing leaked interior paperwork.

Reuters referenced a “confidential slideshow ready through chinese language bankers” that integrated data from Uber; the paperwork allegedly sought to lift a brand new round of funding.

so far, Uber has raised $7 billion in 12 rounds of funding, consistent with the CrunchBase database. It has been valued at more than $50 billion, making it the sector’s most dear privately held mission capital-backed startup.

in keeping with the numbers in Uber’s presentation, Reuters determined that its income this yr will doubtless come to about $2 billion. prior this month, Gawker procured paperwork that revealed Uber’s financials and indicated it was losing cash, probably due to its aggressive enlargement efforts in countries like India and China.

It has been widely speculated that Uber intends to head public soon, however the firm has been publicly silent on the subject.

Uber did not straight away reply to a quick company request for comment.

[by means of TechCrunch]