Desperate investment bankers looking for that big score in a down year would be well-served to stop wasting their time on Uber CEO and Ayn Rand super-fan Travis Kalanick.
We've discussed before that Kalanick is hardly fighting the urge to take his company public. In fact, he has been almost oddly forthright about his preference to bleed the private equity market dry before even shopping for a ticker symbol. And while there has been some pushback on the idea that a guy who raises funding rounds bigger than $1 billion with the same frequency that Kim Kardashian releases nude selfies should keep his company private, Kalanick is not backing down.
And according to an interview he gave to CNBC this morning, he's not even backing down an inch. Here's his response to a question about Uber's possible IPO...
"I'm going to make sure it happens as late as possible," said Kalanick who has raised around $10 billion dollars for the company over the last 18 months.
Kalanick also told CNBC that, thanks to this fundraising, he did not currently need public capital markets and wants to hold on to the flexibility offered by private funding.
"I call it the moral obligation with investors who put money in, they need to see liquidity and of course we have employees as well who put in a lot of blood, sweat and tears to make Uber successful and they own equity and so have to ultimately find liquidity for all shareholders."
So, like, within the decade then?
Asked by CNBC's Geoff Cutmore if that meant a flotation in two, three, or five years, Kalanick replied. "I'll keep you posted, I have no idea."
Basically, the Uber IPO situation looks a lot like a Bob Mankoff cartoon:
Wall Street: Hey Travis! How about doing that Uber IPO?
Wall Street: Awesome, bro! When?
Kalanick: Umm, how about never. Is never good for you?