Uber hires Nelson Chai as CFO after 3-year vacancy, paves way for IPO

Uber Technologies Inc has hired a chief financial officer, the ride-services company said on Tuesday, 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. Uber.....

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