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Finance

Is Alphabet’s Waymo Preparing for an IPO?

Currently, Waymo operates as a unit of Alphabet. The company belongs to another bets group, which also houses Loon and Verily. With a contribution from Alphabet’s Waymo unit, the other bets revenue rose 12% year-over-year to $172 million in the fourth quarter.

Waymo CEO John Krafcik said that the business splitting from its parent Alphabet is “certainly a possibility for the future,” according to a Reuters report. The split could be through a spinoff that results in a Waymo IPO. Likewise, eBay (NASDAQ:EBAY) split with its payment unit PayPal (NASDAQ:PYPL) five years ago.

View more information: https://marketrealist.com/2020/03/is-alphabets-waymo-preparing-for-ipo/

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