Intel is considering a significantly lower valuation than previously expected for the initial public offering of its self-driving car unit Mobileye, the Wall Street Journal reported. Mobileye's IPO was originally expected to be worth $50 billion but is now expected to come in at less than $20 billion. The pullback in the IPO's valuation would appear to reflect the turmoil the IPO market has experienced this year.
Intel Corp is eyeing a valuation that is significantly lower than previously expected for the initial public offering of its self-driving car unit Mobileye, the Wall Street Journal reported on Monday, citing people familiar with the matter.
(Reuters) -Intel Corp is eyeing a valuation that is significantly lower than previously expected for the initial public offering of its self-driving car unit Mobileye, the Wall Street Journal reported on Monday, citing people familiar with the matter.Mobileye, which was originally expected to land a roughly $
Intel's Mobileye Reportedly Mulling Substantially Lower IPO Value
The chip giant's self-driving car unit is now eyeing a valuation of less than $20 billion, down from its original $50 billion target, the Wall Street Journal reports.
(Reuters) -Intel Corp is eyeing a valuation that is significantly lower than previously expected for the initial public offering of its self-driving car unit Mobileye, the Wall Street Journal reported on Monday, citing people familiar with the matter.Mobileye, which was originally expected to land a roughly $50 billion valuation, is now set to target one of under $20 billion and sell a smaller number of shares than originally planned, according …
Mobileye, which was originally expected to land a roughly $50 billion valuation, is now set to target one of under $20 billion and sell a smaller number of shares than originally planned, according to the report.