Intel CEO responds to self-driving Mobileye "catastrophic" IPO: not for financing, more to enter the market
Sina Technology News Beijing time on October 25 morning news, it is reported that Intel CEO Pat Kissinger (Pat Gelsinger) said on Monday that its self-driving technology company Mobileye IPO is not to raise funds, more to enter the market.
Someone asked Kissinger that the market environment is quite difficult, is it because Intel needs cash to choose IPO at this time? Kissinger responded that IPO is more about getting Mobileye into the market than for financing.
Mobileye said in its prospectus that it would issue 41 million common shares at a price of between $18 and $20, raising up to $820 million and valuing up to $15.93 billion, while it emerged in April that Mobileye could be valued at as much as $50 billion.
