Israel’s Mobileye Adds Investors in Potential IPO Prelude

Mobileye NV, a company whose Israeli-developed technology helps stop car accidents, added five investors, including U.S. global asset managers and a Chinese firm, in a $400 million sale of equity that is a step toward an initial public offering.

The transaction valued Amsterdam-based Mobileye at about $1.5 billion and is likely to close in August, the company said in an e-mailed statement today. It didn’t identify the new investors.