Intel Unit Mobileye''s Proposed IPO: What You Need To Know
Israeli autonomous vehicle technology company Mobileye Global, Inc. will soon tap the public market yet again, according to its S-1 filing with the SEC late Friday. What Happened: Mobileye said it will offer its Class A common stock in an initial public offering, or IPO , without mentioning the size and pricing of the offering, according to the preliminary prospectus filed on Form S-1. The company said it intends to use a portion of the net proceeds to repay the debt owed to its parent, Intel Corporation (NASDAQ: INTC ). The remainder, if any, would be used for working capital and general corporate purposes, it added. Following the IPO , the company would have Class A and Class B common stock, with … Full story available on Benzinga.com
Intel Unit Mobileye''s Proposed IPO: What You Need To Know
Israeli autonomous vehicle technology company Mobileye Global, Inc. will soon tap the public market yet again, according to its S-1 filing with the SEC late Friday. What Happened: Mobileye said it will offer its Class A common stock in an initial public offering, or IPO , without mentioning the size and pricing of the offering, according to the preliminary prospectus filed on Form S-1. The company said it intends to use a portion of the net proceeds to repay the debt owed to its parent, Intel Corporation (NASDAQ: INTC ). The remainder, if any, would be used for working capital and general corporate purposes, it added. Following the IPO , the company would have Class A and Class B common stock, with … Full story available on Benzinga.com