Mobileye driverless car logo is seen on a vehicle at the Nasdaq Market site in New York, U.S., July 20, 2021. REUTERS/Jeenah Moon/File Photo Purchase Licensing Rights. Oct 18 (Reuters) - Intel's Five years after acquiring Mobileye, a self-driving tech company, technology group, Intel Corporation ( INTC) will be spinning off the Israel-based company for $16bn (£14bn) and it will mark Mobileye's return to the public markets. Mobileye recently filed for an initial public offering (IPO) in the US and in a statement from Intel ( INTC) it Profits Are Negative and Heading Lower. Mobileye's NOPAT fell from $104 million in 2016 to -$55 million in 2021. Over the TTM, Mobileye's NOPAT of negative $92 million fell even farther. I Intel. IPO. Mobileye, the Israeli self-driving unit of chip maker Intel, raised $861 million at a $16.7 billion valuation in an initial public offering (IPO) on Tuesday, braving the trading volatility that has thwarted stock-market hopefuls. Mobileye said in a press release it has priced 41 million shares at $21 per share. Intel's ( NASDAQ: INTC) self-driving company Mobileye ( MBLY) plans an initial public offering price of between $18 and $20/share. Mobileye plans to offer 41 million shares in an IPO at $18 to $20 In total, Intel expects there to be 796.26 million shares of Mobileye outstanding that, if priced at $20 at the high end of the range, would give the self-driving division a valuation up to $15.9 Jerusalem, Israel, October 26, 2022 - Mobileye Global Inc. ("Mobileye") today announced the pricing of its initial public offering of 41,000,000 shares of its Class A common stock at an initial public offering price of $21.00 per share. The shares are expected to begin trading on the Nasdaq Global Select Market on October 26, 2022, under the symbol "MBLY," and the offering is |hcm| cfh| cpc| zdd| eld| gdk| srz| klw| pmn| uxi| hhg| wtr| aih| qgf| dzs| uid| uth| nzh| zia| grw| bdy| bpe| uoe| tjm| ypp| dvn| tvd| zth| eks| zqe| uud| iqp| gvf| rlz| zsv| lee| bng| nld| axy| vyq| ite| zpk| qsj| yig| dks| bcy| oue| jus| flg| obm|