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Uber may not IPO in 2019 after all (Business Insider)

January 08, 2019

Business Insider reported human cloud, ride-sharing firm Uber Technologies Inc. may not go public this year after all. In an interview published Tuesday, CEO Dara Khosrowshahi told The Wall Street Journal that the company was in no rush to go public and may choose to bide its time and ride out rough market conditions. “We’ll do it when we're ready, and, hopefully, the markets will be in a good state,” Khosrowshahi said, adding that the ride-hailing firm had “a strong balance sheet so we don’t need to go public this year.” Uber last month filed a confidential registration for an initial public offering with the US Securities and Exchange Administration.