Thndr Claps » U.S. Claps » IPO Watch 👀 » Mobileye sets target for IPO 🎯
The ClapMobileye, Intel’s (NASDAQ: INTC) subsidiary, is targeting a $15.9 billion valuation in an IPO.
MobileyeMobileye specializes in the manufacturing of chips, software, and hardware for self-driving cars.
The DeetsIntel expects the offering price to be between $18 and $20 per share, lower than earlier expectations.
Increased interest rates have increased fears of a recession, driving investors away from unfavorable market conditions.
BackgroundIntel acquired Mobileye in 2017, with the aim of taking the company public.
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