Mobileye IPO

About Company

Overview of the company and its structure

Mobileye Vision Technologies Ltd (MVTL), a subsidiary of Intel Corporation, is a driving automation technology provider. The company carries out design and development of software and related technologies for camera-based advanced driver assistance systems (ADAS). MNV is involved in computer vision and machine learning-based sensing, mapping and driving policy technologies for ADAS. Its products comprise Mobileye 6 Series, Mobileye Shield plus and Mobileye 8 Connect. The company sensing products detect vehicles, pedestrians, general objects and roadway markings. It technologies includes ADAS, Sensing, road experience management, driving policy, and EYEQ. The company operates in Israel, the US, Spain, France, Japan, Germany and the UK. MNV is headquartered in Jerusalem, Israel.

Mobileye, founded in 1999, has partnered with Audi, BMW, Volkswagen, GM, and Ford to develop advanced driving and safety features such as driver assist and lane-keeping using the company’s “EyeQ” camera, chips, and software. Mobileye CEO Amnon Shashua said in the filing that 50 companies are currently using the company’s technology across 800 vehicle models

When is Mobileye IPO date?

The IPO is expected to happen in the fourth quarter of 2022, according to Forbes.

Mobileye has filed with the Securities and Exchange Commission (SEC) to go public,

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Mobileye valuation in 2022

Mobileye has a €30 billion valuation and is expected to be one of the biggest ipos of 2022. Mobileye reported revenue of $1.39 billion in 2021, well ahead of Nvidia Corp. NVDA, -0.66%, which reported fiscal-year revenue of $566 million in auto chip sales in January. Revenue in the first half of this year hit $854 million, growing 41% in the second quarter from the year before

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