Mobileye Raises $890 Million as Largest Israeli IPO in the U.S.
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Mobileye NV, the Israeli company creating software for driverless cars, raised $890 million in its initial public offering in the U.S.
Mobileye, whose software anticipates potential collisions, and existing shareholders sold 35.6 million shares for $25 each, above the high end of the marketed range, according to a PR Newswire statement. The company increased its price range this week to $21 to $23 apiece. At the IPO price, Mobileye has a market value of $7.6 billion, data compiled by Bloomberg show.