Santa Clara The chip company Intel has officially launched the IPO of its robot car subsidiary Mobileye. Mobileye published the stock market prospectus with the US Securities and Exchange Commission (SEC) on Saturday night. This indicates, among other things, that Intel will retain control of the Israeli company even after the share placement.
There was no information on the volume of the IPO yet. According to the latest information from the financial service Bloomberg, Intel is aiming for a valuation of 30 billion dollars (about 30.6 billion euros) for Mobileye – less than originally targeted. The semiconductor giant bought the company in 2017 for a good $ 15 billion.
Mobileye is in the business with many major manufacturers with technology for driver assistance systems and has so far equipped over 117 million vehicles. For years, the company has also been developing technology for autonomous driving and wants to launch robotaxi services.