While Uber CEO Travis Kalanick has made it clear his company won't go public anytime soon, investors may instead be able to get a small piece of the ride-sharing company's technology through a developer called Twilio.
Twilio, whose cloud-based software allows users to have one-on-one conversations without divulging their personal phone numbers, announced plans on Thursday to raise up to $100 million in an IPO.
The company's technology is particularly handy for Uber, which needs to facilitate communications between huge numbers of drivers and riders using Twilio's "masking capabilities to ensure a high level of privacy and safety," the prospectus said.
Twilio's filing lands during a dead period for IPOs. Square debuted in November, followed by software developer Atlassian in December, but no venture-backed companies have tested the market in 2016. Cloud storage and computing vendor Nutanix is on file to go public and is holding off due to market volatility.