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Uber says it will go public in 2019 Uber's IPO will likely arrive before the end of the decade. CEO Dara Khosrowshahi confirmed on Thursday that the company's target is to go public in 2019. The move is a departure from his predecessor, Uber co-founder Travis Kalanick, who had tried to put off an IPO as long as possible.
Uber launched in China in 2013 and expanded its operations to roughly 60 cities. But while the market was a top priority, it was also an incredibly costly one. In February, CEO Travis Kalanick said that Uber was losing $1 billion a year in China. Uber and Didi Chuxing are investing billions of dollars in China and both companies have yet to turn a profit there, Kalanick wrote in an announcement about the Didi deal.