Friday, August 21, 2015

Uber can be listed in 2016 – Business World

     Illustration Photo of Uber in Norway. Photo: Heiko Junge / NTB Scanpix / TT
     

The app-based taxi and car-sharing service Uber may be listed within 12 to 18 months according to an internal document, Reuters come across.

This document said to have been a part of the material is now shown for Chinese investors in search of capital. Earlier rumors have been that claims that an IPO of the Chinese part can be current, but not in the near future.

Then there was investment in the Chinese operation sought covering document mainly the part, but at the same time also showed some details about the company in its entirety. Among other things, Uber in 2014 brokered trips to a value of 2.9 billion dollars, compared with 688 million during in 2013.

Although it is a time speculated a potential IPO, the company’s CEO Travis Kala Nick never commented it. In a roundabout way, it has been rumored that he was of the opinion that an IPO is something that should be avoided as long as possible.

In the current year may Uber come to land at $ 10.8 billion in brokered trips which granted its margin of 20 percent would lead to over two billion in sales. It says TechCrunch.

For the next year would be the same numbers to land at just over $ 26 billion in brokered trips where the company gets to keep more than five billion. What profit it could cause is unclear, however, and the company has historically spent well over revenues in its international expansion.

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