Mobileye Rises 33% in Debut After Raising $861 Million in IPO

• 3 min read
Mobileye Rises 33% in Debut After Raising $861 Million in IPO

MARKET MOVERS

  • Mobileye rises 33% in debut after raising $861 million in IPO. Intel's automated car-driving unit initially traded at $26.71, above its IPO price of $21 a share. That gives Mobileye a valuation of more than $21 billion.* The stock opened on the Nasdaq midday Wednesday, trading under the symbol MBLY. Intel CEO Pat Gelsinger says that listing Mobileye would give the self-driving car unit a higher profile and attract more business.

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