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From: Sr K9/30/2022 9:41:40 PM
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On Mobileye

Intel Drives Forward With Mobileye Self-Driving Car Unit’s IPO Plans

Listing plans come during a difficult year for the IPO market

Intel said Friday it had filed to list shares in its Mobileye self-driving car unit with the Securities and Exchange Commission.PHOTO: JEENAH MOON/REUTERS

By Stephen Nakrosis

Sept. 30, 2022 7:19 pm ET

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Intel Corp. is pressing ahead with its plans to publicly list shares in its Mobileye self-driving-car unit, giving a boost to the IPO market that has been under pressure this year from turmoil in the stock market.

Mobileye said Friday it filed for its IPO with the Securities and Exchange Commission. The company didn’t give an expected size for its IPO, nor did it give an anticipated price range. The Wall Street Journal last year reported Mobileye could fetch a valuation north of $50 billion, citing people familiar with the matter, though that came before the IPO market softened in recent months.

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