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Uber CEO guarantees there will be change and sets sights on IPO

31 Aug 2017

 

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.

 

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