Shares of Mobileye Global Inc. rose by nearly 38% in its return to Wall Street on Wednesday after raising $861 million in an initial public offering that topped its price targets.
In one of the biggest IPOs of the year, Intel Corp.’s self-driving technology unit sold 41 million shares at $21 a piece. Mobileye shares rose as high as $29.85 a piece in before closing at $28.907 on Wednesday.
The Israel-based company’s market capitalization at the end of the day was about $23 billion. While that is…
Source: The Business Journal