Goldman Sachs-backed Mobileye seeks to raise $500 mln for IPO

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Mobileye, a Netherlands-based provider of technology that helps cars avoid accidents, has launched a road show for its IPO. The firm is planning on raising $500 million for it, reports Reuters.

The company aims to sell 27.75 million shares of its stock at a price between $17 and $19 a share. It will list on the NYSE under the ticker symbol “MBLY.”

Goldman Sachs and Morgan Stanley are serving as lead underwriiters.

Among Mobileye’s top shareholders are Goldman Sachs, Fidelity Investments, BlackRock and car rental firm Enterprise Holdings. Mobileye Chairman Amnon Shashua and CEO Ziv Aviram each own a 9 percent stake in the company.

Last year, the company’s revenue was $81.2 million.

Photo credit courtesy of Shutterstock

 

 

 

 

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