Shulou(Shulou.com)11/24 Report--

Oct. 19, according to foreign media reports, Mobileye, Intel's self-driving car division, said in a regulatory document on Tuesday local time that it plans to issue 41 million Class A common shares at an offering price of $18 to $20 per share in the IPO.

Mobileye plans to raise $820 million through the IPO if calculated at a cap of $20 per share.

In 2014, Mobileye listed on the New York Stock Exchange. Then, in 2017, Intel took Mobileye private for about $15.3 billion.

In March this year, Intel announced that Mobileye had secretly submitted a draft registration statement of Form Smurl to the Securities and Exchange Commission, and Mobileye intended to IPO again.

On October 1 this year, Mobileye filed an IPO application with the Securities and Exchange Commission to list on the Nasdaq Stock Exchange under the symbol "MBLY", with Goldman Sachs and Morgan Stanley acting as underwriters.

According to reports, Mobileye initially estimated a valuation of about $50 billion. Then, in mid-September, Intel expected the IPO to value Mobileye at $30 billion, below initial expectations, according to people familiar with the matter.

Intel plans to list Mobileye at a much lower valuation than previously expected, according to people familiar with the matter. The company aims to be valued at less than $20 billion.

On Tuesday, local time, Mobileye said the IPO's valuation target was close to $16 billion, down sharply from the initial estimate of $50 billion.

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