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Mobileye files for IPO
Posted By Viva Sarah Press On June 23, 2014 @ 5:57 am In | 1 Comment
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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