Uber just held a board meeting and confirmed that they will be working towards an initial public offering within two years. 

Business Insider reported this Tuesday that Uber’s board of directors have agreed to give Japan’s Softbank as much as a 17% stake in the company, among other things.

As well, Uber has committed to go public by 2019 – arguably the most exciting news the company has put out over the past few months, (especially for all our investors and advisers who have invested in Uber through InvestX).

Here are some other highlights that came out of the BOD meeting;

  • All supervoting shares will be annulled – including co-founder Travis Kalanick’s.  All shares in Uber will have one vote.
  • The board of directions expanded to 17 members, up from 11.
  • Any new CEO must have two-thirds support of the board vote until after the IPO.

InvestX and the tech world waits in anticipation for what’s to come for the world’s most valuable, privately-held tech startup in the next two years.

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