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Intel plans Mobileye IPO: What to know
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Intel has announced plans to take its autonomous driving unit Mobileye public in mid-2022 via an initial public offering of newly issued stock.
Mobileye, which was founded in Jerusalem in 1999 by Ziv Aviram and Amnon Shashua, first went public in 2014 before being acquired by Intel for $15.3 billion in 2017. Reuters reported that the new IPO could value the company at more than $50 billion.