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Uber’s new CEO wants to take the company public within three years

The incoming CEO of Uber, Dara Khosrowshahi, has said he plans to take the company public within the next 18-36 months.

The former Expedia boss outlined his vision for the taxi app at a staff meeting in its San Francisco HQ yesterday.

Uber is currently worth $68.5bn, making it the world’s most valuable private company. But it has been beset by a series of scandals over the last six months that ultimately led to the resignation of ex-CEO Travis Kalanick.

Khosrowshahi told staff yesterday that the company now needs to focus on “paying the bills” and taking back market share from Lyft.

“This company has to change,” Khosrowshahi said, according to the Twitter feed of Uber’s communications team. “What got us here is not what’s going to get us to the next level.”

He will become CEO on Tuesday.