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Mobileye Starts Strong
Description
Intel’s ($INTC@US) self-driving car unit, Mobileye Global priced its initial public offering at $21 a share, which it begins trading on Wednesday on the Nasdaq stock exchange. Mobileye raised $861 million by selling 41 million shares, valuing the company at roughly $17 billion. Mobileye faces competition from Alphabet’s Waymo and Amazon’s Zoox units. Intel CEO Pat Gelsinger said that listing Mobileye would give the self-driving car unit a higher profile and attract more business.
Keywords & Tags
#ipo
#business
#Self-driving car
#Waymo
#competition
#machine learning
#autonomous car
#Intel sets IPO price for self-driving car
#Intel’s self-driving car
#Mobileye Global
#Alphabet’s Waymo
#Amazon’s Zoox
#Zoox
#Pat Gelsinger
#driver-less car
#robotic car
#is a car incorporating vehicular automation
#IPO Price
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