Mobileye files to raise $100m in NYSE IPO


Collision-avoidance solutions developer Mobileye has filed a prospectus with the SEC.

Collision-avoidance solutions developer Mobileye NV has filed a prospectus with the US Securities and Exchange Commission (SEC) to raise up to $100 million in an IPO on the New York Stock Exchange. Goldman Sachs and Morgan Stanley are the lead underwriters. Goldman Sachs is a shareholder in the company.

Mobileye did not disclose how many shares it will offer or their price. It will be traded under the ticker MBLY.

Mobileye's system comprises a windshield-mounted camera that photographs the road ahead, software that processes the images in real-time, a dashboard device warns the driver. The company was founded in 1999 by chairman Prof. Amnon Shashua and president and CEO Ziv Aviram.

Published by Globes [online], Israel business news - - on June 22, 2014

© Copyright of Globes Publisher Itonut (1983) Ltd. 2014

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