Mobileye N.V. Launches Initial Public Offering
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21 Jul 2014
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Mobileye N.V., the global leader in the design and development of camera-based Advanced Driving Assistance Systems, announced today that it launched the roadshow for its initial public offering. The offering is for 27,750,000 ordinary shares, as per the media reports. Mobileye is offering 8,325,000 ordinary shares and the selling shareholders are offering 19,425,000 ordinary shares. The selling shareholders have also granted the underwriters an option to purchase up to 4,162,500 additional ordinary shares to cover over-allotments, if any, reported PTI. The IPO price is currently expected to be between $17.00 and $19.00 per share. Mobileye has been approved to list its ordinary shares on the New York Stock Exchange under the symbol MBLY., as per the reports in the media. Mobileye expects to use the net proceeds of the offering for general corporate purposes and to purchase EyeQ® chip inventory. Goldman, Sachs & Co. and Morgan Stanley & Co. LLC are acting as lead book-running managers for the proposed offering. Deutsche Bank Securities Inc. is a joint book-running manager and Barclays Capital Inc. and Citigroup are also acting as book-running managers. |
| Source: Dion Global Type: IPO Related |
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