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>> Uber, on Wednesday, said its plan to go public next year is on track for what's likely to be the biggest tech IPO of 2019. CEO Dara Khosrowshahi sat down with Reuters at a media event in New York.>> Right now, we're on track for an IPO next year.
I think from an operations standpoint, we're on our way. But there's certainly work to do on the systems sides to get there. There's an enormous market that we're going after. Ultimately we, Lyft, our other competition, we are looking to replace car ownership. The transportation ecosystem is a $6 trillion plus ecosystem, but Uber accounts for less than 1% of miles driven in the US.
So there's plenty of growth for ourselves and our competition. We think that there'll be an appetite in the market for all of us actually.>> Khosrowshahi also told Reuters, the company has no plans to sell its now suspended self-driving car research arm and advanced technologies group. Following a fatal crash involving one of Uber's autonomous vehicles in Tempe, Arizona.
>> The focus for ATG right now is building product, getting back on the road. We have undertaken a top to bottom audit of our processes from the safety front. And now we are incorporating safety to everything that we do. How we develop our code, how we test our cars on a track, and ultimately how we test our cars in self-driving mode on the road.
Until we're ready, we're not gonna get on the road, but I'm quite optimistic that it is gonna happen this year. Valued at more than $60 billion, Uber is still struggling to become sustainably profitable. Khosrowshahi, who has led the company for a year, took over for founder Travis Kalanick who was ousted after allegations of contributing to a hostile work environment.
Uber is expected to make its market debut near the end of 2019.