Pinwan reported on October 1 that Mobileye Global, the autonomous driving technology business of Intel Corporation, submitted an initial public offering (IPO) application on Friday, seeking to go public against the trend. Currently, the U.S. IPO market is facing its worst since the financial crisis more than a decade ago.
Mobileye will issue Class A shares on the Nasdaq exchange under the ticker symbol “MBLY,” with Goldman Sachs and Morgan Stanley serving as underwriters, according to Mobileye’s filing with the U.S. Securities and Exchange Commission. The company did not disclose how many shares it plans to sell, but documents show Mobileye will remain controlled by Intel after the IPO. Intel expects Mobileye’s IPO valuation to be as high as $30 billion (about 213.5 billion yuan), lower than initially expected.
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- 2022-10-01Mobileye, Intel’s autonomous driving business, files for listing in the U.S. with a valuation of up to $30 billion
- 2022-08-17Intel ‘s Mobileye is testing next-generation driver assistance systems
- 2021-04-21Intel Mobileye launches L4 autonomous driving solution
- 2021-04-12Intel ‘s Mobileye to launch fully driverless delivery service in 2023
- 2020-12-21 Mobileye will independently develop lidar and is expected to put into mass production in 2025
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