Friday, August 21, 2015

Uber's confidential plans for an IPO come to light in leaked documents


Uber goes everywhere, but how much does it make?

A lot, it turns out

Uber expects to triple its bookings to $10.84 billion worldwide this year according to an investor presentation leaked to Reuters.

Since the ride-hailing company takes a 20% cut of each fare, that would bring its annual revenue to over $2 billion. Uber projects its 2016 bookings to zoom even further upwards to $26.12 billion.

The documents, which were reportedly prepared for potential Chinese investors in an upcoming investment round, also reveal that the company is planning to go public within the next 18 to 24 months. Despite rampant speculation, CEO Travis Kalanick has never commented on a possible timeframe of an IPO. Read more...

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