Intel’s Self-Driving Technology Mobileye Unit Files for IPO
[ad_1]
Intel Corp. has filed for an initial public offering of its self-driving technology business, Mobileye Global Inc.
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. Intel expects the IPO to value Mobileye at as much as $30 billion, less than originally hoped, Bloomberg News reported this month. If the listing goes ahead this year, it would...