Uber's newly appointed CEO Dara Khosrowshahi has announced to colleagues that the working culture must change and that Uber could go public in as little as 18-36 months time according to Brisbane Times.
The minicab firm values itself at £52 billion along with its private investors. Experts away from the controversial organisation have a differing take on a company that holds no assets, few employees and just data. The Financial Times explains how Uber may offer lower priced shares for new investors, a cheeky way of maintaining the perception of a high valuation, but actually selling shares at the true value.
Frustration amongst investors at Uber is believed to be growing as they see an £52 billion company, but no returns as yet. Many of their employees may also feel the same way as they hold share options in their employment packages.
Launching a Public Offering is going to be difficult for a company with an avalanche of ongoing legal disputes from all corners of the globe. 18 months is seen as nigh on impossible and 36 months seems a struggle unless the company stops its aggressive legal tactics and focuses on trying to reduce its quarterly $645 million loses and actually show a profitable business model.