Intel’s Mobileye IPO is not shaping up to be the shot in the arm its parent company needs.
Last December, Intel made known its intent to take Mobileye public by mid-2022. However, the plans were repeatedly delayed due to volatile market conditions. On Sept. 30, the Israel-based self-driving tech firm, which Intel bought five years ago, finally filed for an IPO. Only now, it’s looking to sell fewer shares at a smaller valuation.
https://finance.yahoo.com/news/mobileye-ipo-t-save-intel-070000677.html