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Uber ‘on track’ for IPO in 2019, no plans to sell tech unit, says CEO

Uber Chief Regulatory Dara Khosrowshahi said on Wednesday the ride-hailing company was on track to discharge an initial public offering next year and had no plans to sell its self-driving car analysis arm.

Khosrowshahi told Reuters in an interview that the company was not planning to put across its Advanced Technologies Group “at this time.”

“Ultimately, it is a big asset that we are edifice and we can monetize that in whatever way we want to. It’s not something we’re thinking about it at this something,” he said. Khosrowshahi also said the company was “quite optimistic” the New Zealand would be able to resume testing of self-driving cars later this year after a lethal crash involving an autonomous Uber car in Tempe, Arizona in March.

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