Uber's CEO wants to delay an IPO for 'as late as possible'
REUTERS/Robert Galbraith
Uber CEO Travis Kalanick
That's the message from Uber CEO Travis Kalanick, who told CNBC he is in no hurry to sell shares of the fast-growing ride-hailing company to the public.
"I'm going to make sure it happens as late as possible," Kalanick said in an interview with CNBC on Monday.
Pressed on whether that might mean an IPO in the next two years, three years or five years, Kalanick said he had "no idea."
Uber, which has been valued at more than $60 billion by private market investors, is considered one of the top candidates for a blockbuster tech IPO. Given the billions of dollars in funding that Uber has raised however, many expect that the company will eventually need to float shares on the public market to provide an exit for its early investors.
Next Story
I tutor the children of some of Dubai's richest people. One of them paid me $3,000 to do his homework.
A 13-year-old girl helped unearth an ancient Roman town. She's finally getting credit for it over 90 years later.
It's been a year since I graduated from college, and I still live at home. My therapist says I have post-graduation depression.
Top 10 places to visit in Manali in 2024
A leading carbon target arbiter has come into fire after ruling to allow carbon offsets — what's the big deal?
8 Amazing health benefits of eating mangoes
Employment could rise by 22% by 2028 as India targets $5 trillion economy goal: Employment outlook report
Patanjali ads case: Supreme Court asks Ramdev, Balkrishna to issue public apology; says not letting them off hook yet
