Mobileye IPO’d yesterday selling 41 million shares at $21 apiece. The price rose to $27 in market trading putting a value of $22 billion on the unit. Intel bought Mobileye for $15.3 billion in 2017. The IPO raised $861 million for Intel. Intel retains all Mobileye’s Class B shares giving it 99.4% of the voting power …
The post Intel IPOs Mobileye appeared first on Electronics Weekly .