Mobileye Gains 38% in Year’s Best Debut for Big US IPO
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A display highlights Mobileye's autonomous driving technology at CES 2020 in Las Vegas.
Photographer: Mario Tama/Getty Images
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Mobileye Global Inc., the self-driving technology company spun off by Intel Corp. scored the 2022’s biggest trading-debut gain for a major US listing after raising $861 million in an initial public offering priced above its targeted range.
The first-day gain, which would have been unextraordinary by standards in previous boom eras, comes after one of the few US initial public offerings this year to exceed its goals and as numerous other would-be public companies wait for the market to improve.