May 3, 2019 - Technology

Uber floors Travis Kalanick on IPO day

Dan Primack

Uber CEO Dara Khosrowshahi has decided against inviting predecessor Travis Kalanick to join him on the New York Stock Exchange balcony during next Friday's bell-ringing ceremony, according to multiple sources.

Details: Instead, Kalanick has been offered to be on the NYSE floor, alongside other company directors. No word yet on if he plans to attend.

Why it matters: Kalanick co-founded Uber and led the majority of its growth before being forced out in mid-2017. He had asked during a recent board meeting to participate in the bell-ringing, alongside Khosrowshahi and a group of longtime Uber executives and drivers, but Khosrowshahi was noncommittal at the time.

More: Uber sets IPO terms, could be valued at $84 billion

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Uber floors Travis Kalanick on IPO day

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