Mobileye files for IPO

Israel’s collision-avoidance technology is integrated into more than three million vehicles including by the likes of BMW, General Motors, Volvo, and Ford.

After swirling reports about a possible IPO, Israel-based Mobileye has now filed with US regulators to raise up to $100 million in an initial public offering, according to a Reuters report.

Mobileye, the world leader in Advanced Driver Assistance Systems, listed Goldman Sachs and Morgan Stanley as lead underwriters to the IPO, according to the report.

The Israeli collision-avoidance technology works as a third eye to reduce the risk of car accidents. Its solutions are integrated into more than three million vehicles including by the likes of BMW, General Motors, Volvo, and Ford.

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

In March, the Calcalist financial news site reported that Mobileye hoped to raise $500 million on an initial public offering.

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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.
  • Elana Kellogg

    Collision avoidance technology sounds great. Having a tiny camera that reports back to the driver on real life would be helpful. Hopefully the US government won’t view it as a detraction to driving. What do you all think? I am looking forward to the IPO.