Newly appointed Uber’s CEO Dara Khosrowshahi started his first address to the company’s employees with announcement of IPO timeline between 18 to 36 months from now, Forbes reports.
Thus, Uber can go public in 2019 at the earliest.
Khosrowshahi also said that Uber “has to change”. “What got us here is not what's going to get us to the next level,” he added.
Dara Khosrowshahi has accepted the position of Uber CEO on Tuesday, according to the official statement of the company.
Uber’s board of directors called Khosrowshahi in a memo to employees "the best person to lead Uber into the future”, adding that his appointment is aimed at "improving our culture and making Uber the best place to work."
Indeed, the former Expedia (NASDAQ: EXPE) CEO Dara Khosrowshahi is taking the lead of the world's most valuable private company — Uber — amid the news of a federal bribery probe into and public disagreement over how the board’s decision to hire him unfolded.
Khosrowshahi, an Iranian-American, 48, has been CEO of Expedia for 12 years and is broadly credited with positioning the company as a leading player in its field, under his leadership the company extended its global presence to more than 60 countries.