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.Published 4 months ago · Santa Clara, United States
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