Uber may go public in 12-18 months as its revenue nears $2 billion

According to an investor presentation that was recently leaked to Reuters, Uber’s total bookings is expected to reach $10.84 billion this year, a nearly threefold increase over last year that’s expected to more than double to $26.12 billion next year. This means that the 20% cut of every transaction that the company takes should earn Uber around $2 billion in revenue this year. While the company hasn’t confirmed these leaks, the fact that it they were first reported by Reuters definitely lends them a lot of weight, one of which claims that Uber is expecting an IPO in about 12-18 months.