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.
Already a subscriber? Log in.
Subscribe or renew your subscriptions to win prizes worth up to RM68,000!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
