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Uber Technologies Inc.’s new chief executive Dara Khosrowshahi told employees on Wednesday the ride-services company would change its culture and may go for an initial public offering (IPO) in 18-36 months.
Khosrowshahi, who led travel-booking site Expedia Inc. for 12 years, made the remarks as he introduced himself to Uber’s workforce on Wednesday during an all-staff meeting at its San Francisco headquarters.
His plans include rebuilding Uber’s culture and growing market share as well as possibly conducting an IPO in 18 to 36 months, according to people who attended the meeting. It is common for venture capital-backed companies to signal an IPO at a vague time in the future.
“This company has to change,” Khosrowshahi told employees, according to the Twitter feed of Uber’s communications team. “What got us here is not what’s going to get us to the next level.”
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