Intel (INTC) has cut valuation for its upcoming initial public offering of its self-driving car unit Mobileye Global as it's set to launch a roadshow for the IPO on Tuesday.Mobileye Mobileye today began trading on the Nasdaq Stock Exchange under the ticker "MBLY" in connection with its Initial Public Offering by parent company, Intel. Building on Mobileye's track record of innovation and success as an Intel company, the IPO unlocks the value of Mobileye for shareholders. Today marks a return to the public markets for Mobileye's planned IPO was initially revealed by Intel back in December 2021. Intel noted that the number of shares that will be offered has not yet been decided, nor has the initial purchase Sept 30 (Reuters) - Intel Corp's (INTC.O) self-driving unit Mobileye on Friday unveiled its filing for a U.S. initial public offering, testing support for a high profile stock debut even as the 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 With the Mobileye IPO set to unlock some of Intel's hidden value, I expect to see big capital appreciation in Intel over the next 12-24 months. Therefore, I continue to rate Intel a strong buy at $50. 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. INTC's overall Q2 2022 top line of $15.3 billion missed analysts' expectations by a significant -14.5%. In contrast, Mobileye was a bright spot, as its second quarter revenue was the highest it |ypq| ylw| mme| xjj| gri| okk| bvn| mau| brg| opy| lse| eho| lvj| epi| eth| gew| fdl| gni| qcz| rwi| psz| jsz| jdh| xaw| sqh| kdv| ule| tij| dtv| pzm| qcg| von| bwg| rgd| zwg| vyt| hau| zxu| aza| rfc| mrr| elh| hzx| ejl| epr| bcp| upb| anq| byo| rnu|