Two of the most renowned technology companies might go public by next year. The CEO of Airbnb and Uber told at a technology conference on Wednesday that they are ready to go public in the upcoming year. However, it cannot totally be believed that both the entities will actually do so.
Dara Khosrowshahi, CEO of Uber, said the company is in progress to be made public during the H2 of 2019 during an Interview at Code Conference in Rancho Palos Verdes, California.
He also said, “I want a CFO as well.”
Uber has been functioning without a CFO since 2015.
Brian Chesky, CEO of Airbnb, repeated the general schedule, but with less surety.
“We will be ready for the initial public offering by next year, but I am not sure if we will,” Chesky said in the conference. “We have investors who are very patient and I want to make sure it’s a big advantage for the company when we do that.”
Airbnb said in February that it is profitable. Uber posted an exceptional gain in the first quarter of 2018 after years of higher losses, but largely as the company offered two of its overseas operations to the competitors.
The prospect of both the companies opening capital in the same year has already excited some on Wall Street.
“One of these offers may be on track for a year, both will come in 2019 and would be a great year for the tech IPO, or rather, make it a great year for the tech IPO, says Matt Kennedy, an analyst at Renaissance Capital whose initial public offering handles stock-based funds.
“I think we all expect the dam to break the tide of unicorns,” Kennedy added.
Several unicorns or billion-dollar startups have been released this year, including DocuSign, Spotify, and Dropbox. But Airbnb and Uber and would be even larger.
Uber is at present working on a secondary stock sale that the company would get a valuation of $62 Billion, the company said. Airbnb was valued at $31 Billion last year after a financial round.