Now is not the time for investors to pooh-pooh Mobileye’s contributions to ADAS and AV development. It is however a good time for Intel to grab a short-term gain by spinning out Mobileye.
What’s at stake:
Details of Mobileye’s anticipated IPO have emerged. We don’t know the date, the number of shares or the price range. Given that Intel has seen the IPO’s potential value drop from $50 billion to around $30 billion, the question is: What’s Intel’s big hurry for Mobileye to go public? The answer is simple: Odds of Mobileye’s valuation increasing any time soon are slim.
Investors and automotive industry observers are asking what’s behind Mobileye’s IPO? And why now?
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