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Intel's Mobileye IPO eyes significantly lower valuation

Summary by Ground News
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.

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cnet broke the news in New York, United States on Monday, October 17, 2022.
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