Intel unit Mobileye prices IPO above range to raise $861 million


FILE PHOTO: The Mobileye logo is seen during the Munich Auto Show, IAA Mobility 2021, in Munich, Germany, September 7, 2021. REUTERS/Wolfgang Rattay/File Photo

NEW YORK (Reuters) -Mobileye Global Inc, the self-driving unit of chip maker Intel Corp, raised $861 million in an initial public offering (IPO), braving the trading volatility that has thwarted stock-market hopefuls, the company said on Tuesday.

Mobileye said in a press release it has priced 41 million shares at $21 per share. The company had previously guided the IPO could be priced at between $18 and $20 per share.

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