View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
  2. Networks
August 21, 2015

Uber IPO could come as early as 2016 – investor report

Document shows bookings forecast for this year at $10.8bn, up from $2.9bn.

By Jimmy Nicholls

Uber was revealed to be potentially looking to make an initial public offering (IPO) as early as 2016, after an investor presentation leaked on Friday outlining the company’s future plans.

The undated but recent document, seen by the newswire Reuters, showed the taxi-hailing service’s global bookings are forecast to rise threefold to $10.8bn (£6.9bn) this year, and more than $26bn in 2016.

It also claimed that Uber would consider going public within 18 to 24 months, in contrast to previous executive refusals to speak about their IPO plans.

Contacted for comment by Reuters, Uber said it would not respond to rumours.

According to the newswire the presentation was prepared by Chinese bankers with the intention of promoting more investment in the company’s Series F funding round.

Of late Uber has faced competition from Asian rivals Did Kuaidi in China and GrabTaxi in South East Asia, the former having just invested millions in the latter to try and push back against Uber in the region.

Whilst the presentation showed bookings reached $2.9bn last year and almost $700m in 2013, it did not go into details of the firm’s profits, the subject of a recent controversy at Uber after financial results were leaked.

Content from our partners
Scan and deliver
GenAI cybersecurity: "A super-human analyst, with a brain the size of a planet."
Cloud, AI, and cyber security – highlights from DTX Manchester

Defending itself despite not confirming the veracity of the previous financial results, Uber said: "It’s a case of business 101: you raise money, you invest money, you grow (hopefully), you make a profit and that generates a return for investors."

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.