According to BloombergIntel initially expected the IPO to value Mobileye at $50 billion, but later lowered the expectations to about $30 billion. Mobileye’s SEC filing points to steady revenue growth in recent years, jumping from $879 million in 2019 to $967 million in 2020 and a high of $1.4 billion in 2021. The filing does not disclose how much a share is. could cost.
Founded in 1999 by Amnon Shashua and Ziv Aviram, Mobileye is known for its EyeQ system-on-a-chip (SoC), which serves as the ‘brain’ for Mobileye’s driver assistance and self-driving technology. Mobileye also uses a data crowdsourcing program – called Road Experience Management (REM) – to build a 3D map using real-time data from vehicles equipped with Mobileye’s technology. The company earlier this year announced its EyeQ Ultra chip, which Mobileye calls its most advanced system yet.
