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





Leave a Reply

PE HUB Community

Join the 12514 members of PE HUB to make connections, share your opinion, and follow your favorite authors.

Join the Community

Look Who’s Tweeting

PE HUB News Briefs

RSS Feed Widget

VCJ Headlines (subscribers only)

RSS Feed Widget

Buyouts Headlines (subscribers only)

RSS Feed Widget