Uber CEO says company is 'on track' for 2019 IPO

Uber CEO says company is 'on track' for 2019 IPO

Uber CEO Dara Khosrowshahi on Wednesday said that the ridesharing company is “on track” to go public next year.

“I do think that we're on track in 2019 for an IPO. Lots of things can happen in the world but we have a reasonable buffer as well, so I think we're in a pretty good spot,” the CEO said on CNBC.

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Khosrowshahi noted that the company is eyeing an initial public offering in the second half of 2019.

The Uber CEO’s optimistic plans come one week after the company announced strong revenue increases in the first quarter of 2018.

Khosrowshahi acknowledged that he still has work to do prior to an IPO, including staffing up his management team.

Many of the company's top executives and managers left following a number of scandals the company faced under previous CEO Travis Kalanick.

The company still has no chief financial officer, which Khosrowshahi said he’s aiming to change soon.

Khosrowshahi, who was formerly the CEO of Expedia, was brought on in August to help repair Uber’s embattled image after a string of controversies under Kalanick ranging from allegations of mistreatment of women at the company to the then-CEO himself berating a driver during a ride.

Uber’s most recent valuations have put the company between $62 billion and $72 billion.