Uber hires CFO after lengthy search, paving way for IPO [Reuters]
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Source: Reuters
Uber hires CFO after lengthy search, paving way for IPO | Reuters 5 Min Read SAN FRANCISCO (Reuters) - Uber Technologies Inc [UBER.UL] has hired a chief financial officer, the ride-services company said on Tuesday, filling a long-standing vacancy and clearing the way for a much-anticipated initial public offering next year. Uber said it had hired Nelson Chai, a financial services veteran with deep connections to the banks and deal-makers Uber must impress ahead of what is expected to be a large, complicated IPO. Uber lost more than $1 billion per quarter in three of the last six quarters. Still, it hopes its growth potential will attract investors. Uber must meet its self-imposed deadline of an IPO next year or a shareholder provision that would lift transfer restrictions on shares could create a chaotic market of buying and selling Uber stock. The CFO position has been empty since 2015, when Brent Callinicos departed. Previous Uber Chief Executive Officer Travis Kalanick had shown li
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