Uber IPO? Leaked reports suggest Uber plans to go public within two years
Ride-hailing app Uber could become a public company by early 2017, according to a leaked document intended for investors, reports news agency Reuters.
A confidential document outlining a presentation intended for potential investors in the company’s Chinese arm UberChina revealed that the parent company is forecast to go public within 18-24 months.
Speculation about the Uber IPO has abounded, but up until now executives have repeatedly fielded off rumours about the car hire service going public.
Uber was last valued by investors at $50bn – the most for any privately held company.
The report also revealed that global bookings are forecast to triple, to reach £6.91bn this year and £16.65bn in 2016.
City PM has been in touch with Uber, but the company has declined to comment on the reports.