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

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  • #46448
    TradersCom
    Keymaster

    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.

    #46255
    Super Harley
    Participant

    Following the strong debut of the Intel Mobileye IPO there are no confirmed IPOs scheduled for the week ahead but some shuffling of papers for a numbe
    [See the full post at: US Weekly IPO and SPAC Monitor: Following Mobileye’s Strong Debut Watch for Refreshed Filings]

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