Chris Trotman/Getty Images For NASCAR
Nelson Chai, pictured in 2007.
- Incoming Uber CFO Nelson Chai has suggested the company might not go public in 2019.
- The $69 billion
transportation firm has been aiming for a 2019 IPO for a while - Uber CEO Dara Khosrowshahi even reiterated that plan earlier this year. - But Chai said that "I can't say I'm on board yet with going public next year," suggesting there may be further delays.
Uber's incoming chief financial officer CFO Nelson Chai has suggested the transportation firm may not go public in 2019 after all.
On Tuesday, $4 as it gears up for a long-awaited IPO in 2019, a stated goal of the company. $4 that the timing of the IPO wasn't a done deal just yet.
"The company has made comments about it, but I can't say I'm on board yet with going public next year," he said. "I've been impressed with the information I've seen, but I don't have enough insight until I really get in there to make sure we have the right processes and controls to be a public company."
Reached for comment, Uber spokesperson Matt Kallman downplayed Chai's remarks and said Uber is still "on track" to go public in 2019.
"As you might expect (and hope), Nelson was taking a conservative approach in his first interviews, as he hasn't started yet (his first day is Sep 10)," he told Business Insider in an email. "We're on track for an IPO next year."
Uber has been working hard to resuscitate its public image in recent months, after a chain of bruising scandals - from a culture of sexism to allegations of trade secret theft - that culminated in an executive exodus and the ousting of founder and then-CEO Travis Kalanick.
Kalanick's replacement as CEO, Dara Khosrowshahi, is attempting to right the ship, $4
"I'm incredibly excited to bring on someone as experienced and thoughtful as Nelson,"Khosrowshahi said in a statement when Chai's hire was announced. "He will be a great partner for me and the entire management team as we move towards becoming a public company."
With a $69 billion valuation in its last venture capital investment round, $4, and investors have been awaiting the inevitable IPO for years.