Intel Inventory: Mobileye IPO Pegs Self-Driving Unit At $16.7 Billion

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Up to date at 10:30 am EST

Intel  (INTC)  shares defied the chip and tech gloom in early Wednesday buying and selling after the chipmaker mentioned the itemizing of its self-driving division, Mobileye International  (MBLY) , generated better-than-expected investor curiosity and a better finish worth. 

Mobileye, which was bought by Intel for round $15.3 billion in 2017, bought round 41 million of its class A shares at $21 every, topping the estimated IPO vary of between $18 and $20 per share and valuing the Israel-based group at round $16.7 billion.



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