Khosrowshahi said there's no deadline for the scandal-ridden company's highly anticipated IPO.

In his first appearance in front of employees Wednesday, new Uber CEO Dara Khosrowshahi said the ride-hailing company could go public in as little as 18 months, the Wall Street Journal reported.

Khosrowshahi said there's no deadline for the scandal-ridden company's highly anticipated IPO, but he set a timeline for the offering to happen between 18 and 36 months from now. The wide range allows the newly minted leader to erase some of Uber's $3 billion in losses from last year.

Khosrowshahi was approved by Uber's board Sunday to take the CEO position. He was previously CEO of Expedia (EXPE - Get Report) since 2005.

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