Uber’s newly minted CEO, Dara Khosrowshahi, says that the company could go public in as soon as 18 months.
In remarks given during his first appearance in front of Uber employees on Wednesday, Khosrowshahi said that the company could do an initial public offering in 18 to 36 months, reports the Wall Street Journal who spoke with a person in attendance. Khosrowshahi reportedly noted that this timeline wasn’t firm and could be extended.
Khosrowshahi’s announcement contrasts with statements Uber’s previous CEO, Travis Kalanick made about Uber doing an “IPO as late as humanly possible.”
The loose timeline will give Khosrowshahi time to rein in the company, whose public image has been marred by scandals.
Khosrowshahi was offered the position of Uber’s CEO on Sunday, which he accepted Tuesday. He is expected to start his new role next Tuesday. The former Expedia CEO will replace Kalanick who was ousted as CEO in June…