Intel Eyes Significantly Lower Valuation in IPO of Mobileye Unit

Intel Eyes Significantly Lower Valuation in IPO of Mobileye Unit

Business
October 18, 2022 by keithhill530
308
[ad_1] Intel Corp. INTC 1.97% is eyeing a significantly lower valuation than previously expected in the initial public offering of its Mobileye Global Inc. self-driving car unit, according to people familiar with the matter, in the latest sign of the beleaguered state of the new-issue market. Mobileye, which was originally expected to land a roughly