Uber may reach $26B in bookings by 2016, IPO in 18-24 months
The slides also set a rough timetable of 18 to 24 months for Uber's rumored initial public offering, according to Reuters. Operating in 50 countries around the world, the tech company is currently worth around $50 billion – more than older, more entrenched businesses like Nissan and FedEx. That rise has come quickly. For example, in 2013 it was considered astounding when Uber was valued at $3.5 billion.
As Uber grows, there are increasing discussions about whether the firm is a positive force, and the company continues to battle with governments to keep the service expanding. The San Francisco district attorney is going after the business for the quality of its background checks. There have also been crackdowns in Hong Kong, Brazil, France, and other places over how Uber does business. Given the app's meteoric rise in popularity over the last several years, users apparently haven't been bothered by the legal troubles.
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