Professor Amnon Shashua, senior vice president at Intel Corporation and president and chief executive officer of Mobileye, and Intel CEO Pat Gelsinger celebrate after ringing the opening bell for Mobileye Global Inc., the self-driving unit of chip maker Intel Corp, at the Nasdaq MarketSite, at Times Square in New York City, U.S., October 26, 2022. REUTERS/Shannon Stapleton
(Reuters) - Shares of Mobileye Global Inc were set to open 25% above their offer price on Wednesday, potentially valuing the self-driving unit of Intel Corp at nearly $21 billion after the IPO was priced above the anticipated range.
At 10:22 a.m. Eastern Time, the shares were indicated to open at $26.25, up from the initial public offering price of $21 per share.
(Reporting by Niket Nishant in Bengaluru; Editing by Sriraj Kalluvila)
