Intel Unit Mobileye’s Proposed IPO: What You Need to Know

[Epoch-Times-Bot]

Intel Unit Mobileye's Proposed IPO: What You Need to Know

Israeli autonomous vehicle technology company Mobileye Global Inc. will soon tap the public market yet again, according to its S-1 filing with the SEC late Friday.
What Happened
Mobileye said it will offer its Class A common stock in an initial public offering, or IPO, without mentioning the size and pricing of the offering, according to the preliminary prospectus filed on Form S-1.
The company said it intends to use a portion of the net proceeds to repay the debt owed to its parent, Intel Corporation. The remainder, if any, would be used for working capital and general corporate purposes, it added....

Source: Intel Unit Mobileye's Proposed IPO: What You Need to Know

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