I've been saying that for a while. Uber is losing $800 million per quarter. They run out of cash in 2018 unless they can find a bigger sucker than Saudi Arabia's sovereign wealth fund. Uber is cheap only because investor capital subsidizes every ride. (And because they keep squeezing the drivers harder.)
IPO? They'd have to publish audited financial statements with GAAP numbers, which are almost certain to be worse than the leaked numbers. They'd take a big haircut on valuation, which the existing investors would not like. (Who has voting rights in Uber, anyway?)
Uber will probably run out of money and be picked up cheaply by some buyer of distressed companies, which will raise rates and cut it back to a profitable operation.
IPO? They'd have to publish audited financial statements with GAAP numbers, which are almost certain to be worse than the leaked numbers. They'd take a big haircut on valuation, which the existing investors would not like. (Who has voting rights in Uber, anyway?)
Uber will probably run out of money and be picked up cheaply by some buyer of distressed companies, which will raise rates and cut it back to a profitable operation.