Cabify plans to take its shares public in a period of 12 to 15 months.
The valuation of the company would be close to 2,000 million euros (2,200 million dollars).
After being affected by the restrictions imposed by the pandemic in 2020 and 2021, at the end of 2021 the company reached profitability again. The profitability has been maintained in 2022, and this gives the company the option to go public.
Cabify recently turned 10, and currently has 1,200,000 drivers in Spain and in Latin America.
Read on: in Spanish