Munich, New York Intel gets significantly less than expected for the shares of its subsidiary Mobileye. The papers would be offered in a price range of 18 to 20 dollars, the chip company announced on Tuesday. This values the Israeli specialist for autonomous driving at around 16 billion dollars.
At the beginning of the year, CEO Pat Gelsinger Mobileye reportedly expected $50 billion. In late summer, 30 billion were finally discussed. The significant discount is not only due to the slump in tech stocks on the stock exchange.
Because things are not going well at the technology company from Jerusalem. This is shown by the latest deals in the automotive industry and also by looking at the documents published by Intel on the IPO.
Mobileye loses German automaker
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