Uber IPO: Travis Kalanick won't ring NYSE bell, report says

Former Uber CEO Travis Kalanick and his fellow co-founders will be in attendance at the New York Stock Exchange when the ride-sharing company goes public on Friday, but isn’t expected to take part in the traditional bell-ringing ceremony.

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Kalanick’s presence at the event will be limited to an appearance on the NYSE floor with his father, FOX Business correspondent Susan Li reported on Thursday. Uber is expected to seek a valuation of $80 billion to $90 billion when it begins trading.

Kalanick asked his replacement, Uber CEO Dara Khosrowshahi, if he and fellow co-founders Ryan Graves and Garrett Camp would have a role in the ceremony, Axios reported earlier this month. Top executives are generally invited to ring the bell to kick off trading on their first day as a public company.

Khosrowshahi reportedly decided not to invite Kalanick to take part in the ceremony.

Uber and the New York Stock Exchange did not immediately return a request for comment.

Kalanick helped to found Uber and oversaw its growth from a niche app into a mainstream transportation company. He served as CEO until 2017, when he resigned amid allegations that Uber’s workplace had a culture that failed to address sexual harassment and gender discrimination, as well as multiple other scandals.

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Kalanick still owns 8 percent of the company and sits on its board of directors. He will earn billions of dollars when Uber goes public.