Intel's Mobileye unit set to be valued at $21 billion in strong market debut

📆 26/10/2022 19:05:00
📰 ChannelNewsAsia

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(Reuters) - Shares of Mobileye Global Inc were set to open 25 per cent above their offer price on Wednesday, potentially valuing the self-driving unit of Intel Corp at nearly $21 billion after the IPO was priced above the anticipated range.At 10:22 a.m. Eastern Time, the shares were indicated to open at $

Professor Amnon Shashua, senior vice president at Intel Corporation and president and chief executive officer of Mobileye, and Intel CEO Pat Gelsinger celebrate after ringing the opening bell for Mobileye Global Inc., the self-driving unit of chip maker Intel Corp, at the Nasdaq MarketSite, at Times Square in New York City, U.S., October 26, 2022. REUTERS/Shannon Stapleton

FILE PHOTO: 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

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