Uber is on track to go public in 2019, CEO Dara Khosrowshahi told CNBC on Wednesday.
"We're in a good position in terms of the company's profile, in terms of profitability and margins continue to get better," Khosrowshahi told CNBC's Carl Quintanilla at the Code Conference in Rancho Palos Verdes, California.
Khosrowshahi added that Uber has a "very strong balance sheet."
"I do think that we're on track in 2019 for an IPO," he said. "Lots of things can happen in the world but we have a reasonable buffer as well, so I think we're in a pretty good spot."
The CEO specified later on Wednesday that he was looking at the second half of 2019 for an IPO. A person familiar with the matter had told CNBC that Uber is targeting to go public in late 2019 but the company has not started interviewing banks yet.
Last week, Uber said it had strong revenue growth and reduced losses in the first quarter of this year. The company revealed that net revenue was up 67 percent on-year and losses narrowed 49 percent on-year. Those numbers exclude a $3 billion first quarter gain from the sale of Uber's Southeast Asian business to rival company Grab and a business merger in Russia with Yandex.Taxi.
The CEO said that he is looking to build out his management team, rebuild the brand and improve the product before the company goes public. That includes hiring a chief financial officer, he said.