© Reuters
Yingwei Financial Investments – Shares of Intel Corp (NASDAQ 🙂 Mobileye (NASDAQ 🙂 rose 37% on its debut on Wednesday and its market value climbed to $ 23 billion, the best first-day performance for a major US IPO. of this year.
On Tuesday, MobilEye announced its IPO price of $ 21, above its previously announced target price range of $ 18 to $ 20 per share, the first major corporation to go public above its target range since. December.
Previously, Intel’s MobilEye valuation reached US $ 50 billion, but then due to the turmoil in the macro environment, MobilEye’s valuation was repeatedly lowered.
According to the financial report, from 2019 to 2021, MobilEye’s revenues were $ 879 million, $ 967 million and $ 1.4 billion, respectively.
Before MobilEye went public, the traditional US IPO market raised just $ 7.4 billion this year, down 94% from the previous year, according to data. Earlier this month, US fresh food e-commerce giant Instacart plans to cancel plans for an IPO this year, people familiar with the matter said.
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(edited by: Chen Han)
