Reply To: US Weekly IPO and SPAC Monitor: Following Mobileye’s Strong Debut Watch for Refreshed Filings


Mobileye Global, Intel’s assisted-driving and self-driving systems unit, raised $861 million by offering 41 million shares at $21, above the range of $18 to $20.

Cornerstone investors had indicated on $340 million of the offering (39% of the deal). General Atlantic agreed to buy an additional $100 million worth of shares in a concurrent private placement.

Mobileye is the year’s only $25+ million IPO to price above the range. While it is the year’s largest IPO by market cap at listing, Mobileye is only the year’s third-largest IPO by deal size, due to its relatively small float of about 5% of shares outstanding.