Uber Technologies Inc has hired a chief financial officer, the ride-services company said on Aug. 21, filling a long-standing vacancy and clearing the way for a much-anticipated initial public offering next year.
Uber said it had hired Nelson Chai, a financial services veteran with deep connections to the banks and deal-makers Uber must impress ahead of what is expected to be a large, complicated IPO. Uber lost more than $1 billion per quarter in three of the last six quarters. Still, it hopes its growth potential will attract investors.
