Uber CEO says 2019 IPO may be a no-go

Favicon The San Francisco Business Times

Uber CEO Dara Khosrowshahi cast a longer shadow of doubt on the company’s long-anticipated IPO, noting it may not happen this year despite his previously declarations it was teeing up the public debut for the second half of this year. A market selloff and fears of a recession looming in the background have spooked investors and may have done the same for Khosrowshahi and crew. Earlier this week, two reports suggested Uber’s reported valuation of $120 billion may be too optimistic and that,...

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