New Uber CEO: We're not going public next year
During an all-hands meeting with Uber employees today, incoming CEO Dara Khosrowshahi said that Uber should go public in 18 to 36 months from now. In other words, not in 2018.
Why it matters: Uber had been widely considered an IPO candidate for late next year, particularly if it can quickly fill out its executive team. But it seems that the new boss has other plans, which also might suggest that a much-discussed secondary share sale with SoftBank or some other outside investor is more likely than not, as the IPO delay could push certain shareholders to support interim liquidity options.