New Uber CEO aims for IPO as soon as 2019

Investing.com - Uber’s new chief executive Dara Khosrowshahi said Wednesday that he hoped for an initial public offering as soon as 2019.In his first meeting with company employees, Khosrowshahi set a timeline for an IPO of between 18 and 36 months, but indicated that the timing wasn’t finalized.The comments set the stage for what would be one of the most highly anticipated market debuts in memory.Khosrowshahi also said it a priority for Uber to focus on "paying the bills". The company, which has been without a chief financial officer or head of finance for some time, is losing more than $1 billion a year. He also promised to turn round the company’s culture, which has been plagued by allegations of sexism and law-breaking.Khosrowshahi was appointed as CEO of Uber on Tuesday and will start next week, leaving his post as the CEO of Expedia (NASDAQ:EXPE).