An autonomous Mobileye vehicle in Tel Aviv. (Screen grab/YouTube) (Screen grab/YouTube)


Intel acquired the Israeli company in 2017 for $15.3 billion.


Jerusalem-based Mobileye’s initial public offering (IPO) will be the largest on Wall Street this year, but it will fall far short of the $50 billion valuation the Intel subsidiary had hoped for before the tech rout earlier this year.

It is now set for an IPO valuing the firm’s total value at around $16 billion and for fewer shares than initially planned.

The driving technologies company is offering 41 million shares of common stock priced between $18 and $20 per share, aiming to raise up to $820 million.

Intel acquired the Israeli company in 2017 for $15.3 billion.

While most companies scheduled for 2022 IPOs delayed their public offerings until next year, Mobileye is one of the most notable exceptions.

Intel will keep significant ownership in Mobileye.

Do You Love Israel? Make a Donation - Show Your Support!

Donate to vital charities that help protect Israeli citizens and inspire millions around the world to support Israel too!

Now more than ever, Israel needs your help to fight and win the war -- including on the battlefield of public opinion.

Antisemitism, anti-Israel bias and boycotts are out of control. Israel's enemies are inciting terror and violence against innocent Israelis and Jews around the world. Help us fight back!