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Date TimeApril 12, 2019
VoiceUber co-founder Opens a New Window. Travis Kalanick stands to earn billions of dollars when the ride-sharing company goes public Opens a New Window. , despite resigning as CEO in 2017 amid a series of scandals.
Uber IPO: Former CEO Travis Kalanick to earn billions
Kalanick, 42, holds a roughly 8% stake in Uber Opens a New Window. and still sits on the company’s board of directors. If Uber goes public with a $100 billion valuation, as it is widely expected to do, Kalanick’s shares would be worth roughly $9 billion.
"Mr. Kalanick was selected to serve on our board of directors because of his experience as one of the co-founders and early leaders of our company, and as such, his extensive knowledge of our business, and his innovation, technology, and high-growth experience, as well as his consumer and digital experience,” Uber said in an S-1 filing declaring its intention to go public.
Kalanick served as Uber’s CEO from its founding in 2010 through 2017, when he resigned from the position amid a series of missteps, including allegations of sexual harassment and discrimination in the workplace, and a federal probe into the company’s business practices. Kalanick was replaced by Dara Khosrowshahi Opens a New Window. , the former CEO of Expedia.
Uber will trade on the New York Stock Exchange under the ticker “UBER.” The company said it generated $11.3 billion revenue in 2018, but acknowledged an adjusted loss of $1.8 billion and warned that it “may not achieve profitability” in the future.
SoftBank is Uber’s largest shareholder, with a roughly 16% stake in the company that would be worth an estimated $16 billion. Garrett Camp, who co-founded Uber alongside Kalanick, owns a 5% stake.

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