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Mobileye Record IPO Defeats Global Selloff as Shares Soar

Mobileye NV, which makes software to avoid car accidents, overcame the worst global stock-market selloff in almost five months to raise $890 million last week, a record for an Israeli company going public in the U.S.

The shares soared 48 percent to $37 in New York on their first day of trading on Aug. 1 after the company and existing shareholders sold 35.6 million shares for $25 each, according to a Mobileye statement. That was above the high end of the $21 to $23 marketed range.