Deals
Mobileye Global Prices IPO Above Range to Raise $861 Million
- Intel will still control the self-driving technology company
- Shares sold for $21 each after being marketed for $18 to $20
An autonomous bus on the Mobileye stand during the IAA Munich Motor Show in 2021.
Photographer: Krisztian Bocsi/BloombergThis article is for subscribers only.
Mobileye Global Inc., the self-driving technology company owned by Intel Corp., priced one of the biggest US initial public offerings of the year above its marketed range to raise $861 million.
The company sold 41 million shares for $21 each, according to a statement Tuesday confirming earlier reports. Mobileye had marketed the shares for $18 to $20 apiece. Private equity firm General Atlantic agreed to buy $100 million worth of shares in a private placement in conjunction with the IPO, according to Mobileye’s filings with the US Securities and Exchange Commission.