According to Uber's CEO Travis Kalanick the company is not ready to go public yet.
“We’re maturing as a company, but we’re still like eighth graders,” said Kalanick. “We’re in junior high. And someone’s telling us we need to go to the prom, but it’s a little early. Give us a few years.”So, if any of you, Uber drivers, were hoping to buy stocks at discounted prices you can forgot about it.
Uber’s apparent reluctance to go public might be due in part to the company’s ready access to cash from private investors. The on-demand car service has raised more than $5 billion total and has a valuation of over $50 billion.
Don’t expect an Uber IPO any time soon
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