Skip to content

Intel’s Self-Driving Technology Mobileye Unit Files for IPO

  • Listing could be among year’s biggest and re-energize market
  • Intel was seeking to have Mobileye valued at about $30 billion
Signage at Intel headquarters in Santa Clara, California

Signage at Intel headquarters in Santa Clara, California

Photographer: David Paul Morris/Bloomberg
Updated on

Intel Corp. has filed for an initial public offering of its self-driving technology business, Mobileye Global Inc., braving the worst market for new US listings since the financial crisis more than a decade ago. 

The company didn’t disclose terms of the planned share sale in its filing Friday with the US Securities and Exchange Commission. Mobileye will continue to be controlled by Intel after the IPO, according to the filing.