Mobileye, the self-driving car unit of Intel Corp., has filed to debut on public markets, according to the company’s press release.
- The filing, with the US Securities and Exchange Commission, happens as Mobileye aims to capitalize on the blossoming industry.
- Intel says it will retain the majority ownership in the unit after the transaction.
- Intel said it is yet to determine the number of shares and the price that would be offered.
- Mobileye has been a growth story for Intel, with the unit growing faster than its parent since it was acquired in 2017.
Intel announced plans to list the Mobileye unit late last year. INTC: NASDAQ is currently down -0.40%.
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