Uber Chief Executive Travis Kalanick has said the company was losing $1 billion a year in China; eliminating those losses makes an IPO more likely. The recent sale of Uber 's China business may clear the way for an initial public offering as the company no longer has to incur the $ 1bn of losses it was racking up trying to compete with Didi in 2012 . Uber may also be forced to go public by slowing its growth as it reaches market saturation in the US and increased pressure from rivals in other markets .
The recent sale of Uber 's China business may clear the way for an initial public offering as the company no longer has to incur the $ 1bn of losses it was racking up trying to compete with Didi in 2012 . Uber may also be forced to go public by slowing its growth as it reaches market saturation in the US and increased pressure from rivals in other markets .