Uber has slowly been moving pieces on the chessboard in an effort to go public. This has included a series of investments from other parties and now the CEO, Dara Khosrowshahi, has shed a bit more light on what the Uber IPO will entail.
In an interview with Reuters, Khosrowshahi explains that the company is set to go live with its Initial Public Offer next year, but also noted that their research division will remain a part of the organisation.
“The growth rates for a company our size are unrivalled. Right now, we’re on track for an IPO next year, market conditions permitting,” says Khosrowshahi.
As such the progress that Uber has made in the self-driving car field will not be for nought.
The company had put the initiative on hold following a fatal accident involving a Volvo SUV that was being piloted by its autonomous technology, but a recent investment from Toyota is set to reinvigorate the division.
“Ultimately, it is a big asset that we are building and we can monetize that in whatever way we want to. It’s not something we’re thinking about it at this point,” said Khosrowshahi regarding the status of Uber’s Advanced Technologies unit.
The CEO also went on to add that the company is optimistic that it can resume testing of its self-driving cars later this year, but it’s unclear if they have improved the recognition software of the system.
That said Uber has laid out plans to use sensors on driver’s phones in order to analyse acceleration data, and prevent potential crashes.
Whether this is a viable solution remains to be seen, but it’s clear that Uber has not giving up on its self-driving car tech with an impending Uber IPO looming.