Intel Is Now Targeting A 16 Billion Valuation For Mobileye Just Marginally Higher Than The 15 3 Billion Purchase Price Back In 2017
Intel (NASDAQ:INTC) is moving ahead at a fairly clip pace to list the shares of its autonomous driving unit, Mobileye (MBLY), on the stock exchange. However, given the timing of this move and the realities of the current bear market sentiment, Intel is looking to price Mobileye shares at a substantial discount to the unit’s nosebleed valuation just a few years back. To wit, Intel has now indicated in a fresh filing with the SEC that it is looking to publicly float 41 million Class A common shares of Mobileye, with each share priced between $18 and $20....