Is Mobileye preparing for Nasdaq IPO?

Calcalist financial news site says Israeli maker of collision-avoidance technology to raise $500 million on initial public offering.

Mobileye in actionMobileye, the world leader in Advanced Driver Assistance Systems, could be heading to Israel’s largest initial public offering on Nasdaq this year, if a Calcalist financial news website report is correct. The report, which has been cited by numerous other media, says Mobileye will raise about $500 million based on a company valuation of $2.5-$3 billion.

Mobileye makes a collision-avoidance technology that was installed on 1.5 million vehicles in 2013 and is expected to be in every car manufactured in the near future. Its unique vision-based platform, driven by its proprietary chipset and algorithms, works as a third eye to reduce the risk of collision. Its solutions are integrated into BMW, General Motors, Volvo, and Ford vehicles.

Hebrew University Professor Amnon Shashua and businessman Ziv Aviram founded the company in 1999.

Mobileye has not commented on the reports of an upcoming IPO.

Last year, the company raised $400 million in a financing round said to lay the ground for an IPO.

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About Viva Sarah Press

Viva Sarah Press is an associate editor and writer at ISRAEL21c. She has extensive experience in reporting/editing in the print, online and broadcast fields. Her work has been published by international media outlets including Israel Television, CNN, Reuters, The Jerusalem Post and Time Out.