If a leaked investor document that Reuters got their hands on is to be believed, Uber may transform itself into a public company as early as next year.
The document took the form of a presentation prepared by Uber for the eyes of potential investors, and along with information about the company’s plans to go public, also contained snippets about its earning projections.
The company, which keeps about 20 percent of booking revenue, is looking at global bookings worth nearly $10.84 billion this year — an increase of almost three times over last years figures — and the figure is expected to keep rising and reach $26.12 billion in 2016, which if true would lead it to a take home amount close to$5 billion.
The company has been criticized in the past as walking a potentially loss-making path, as Uber offered incentives to drivers in order to keep ahead of its competitors in local markets, such as Didi Kuaidi in China which recently raised $2 billion and Ola in India, which got legendary investor Yuri Milner’s backing. However, Uber has been close-mouthed on the topic and accordingly, nothing in the document served to deny or confirm rumors of loss.
However, the revenue figures tell a different story and the firm, which was formed merely 6 years ago, is today valued by investors at a staggering $50 billion, the highest for a privately held technology firm in the history.
Just imagine how big that IPO would be !
Meanwhile, we’ve contacted Uber for comments, and will update this story when we receive something.