other material
confidence high
sentiment positive
materiality 0.80
Mobileye Global closes IPO of 41M shares at $21, raises ~$800M; also sells $100M private placement to General Atlantic
Mobileye Global Inc.
- IPO of 41,000,000 Class A common shares priced at $21.00 per share, net proceeds ~$0.8 billion.
- Underwriters granted 30-day option to purchase up to 6,150,000 additional shares at the IPO price.
- Concurrent private placement of 4,761,905 shares to General Atlantic (ME), L.P. for $100 million gross.
- Net proceeds will primarily repay a note owed to parent Intel Corporation; remainder for working capital.
- Amended and restated certificate of incorporation and bylaws became effective upon IPO closing.