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


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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