Intel’s Self-Driving Company Mobileye Files For an IPO

Mobileye is an Intel-owned autonomous driving tech company. They purchased this company in 2017 for $15.3 billion. When Intel first shared its intent to take Mobileye public late last year, its valuation of over $50 billion. But now Intel expects Mobileye to be valued at around $30 billion, due to soaring inflation rates and poor market conditions. But still, they are bound to become one of the biggest offerings in the US for 2022 if the listing takes place this year.

Intel intends to retain a majority stake in Mobileye and didn’t specify how much a share would cost in its filing with the SEC.