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Planning to go public 18-24 months from now is like planning to get married before you've met your significant other. The window for IPOs opens and shuts, and
by vonnik 11y ago
Planning to go public 18-24 months from now is like planning to get married before you've met your significant other.
The window for IPOs opens and shuts, and sometimes it stays shut for a long time. Especially for companies like Uber, which are new and unprofitable, albeit large and growing fast.
Rather than reading this plan as referring to actual events in the future, we should read it as Uber selling itself to bigger and bigger investors, since those investors are unlikely to see profit any other way.