Intel prices widely anticipated IPO for self-driving car unit Mobileye

wsj

2 min read . Updated: 26 Oct 2022, 06:10 PM IST Corrie Driebusch, The Wall Street Journal

Intel and the underwriters have been aided somewhat by a strong market in recent days, with the tech-stock heavy Nasdaq index up about 8.5% since Oct. 14, including a more than 2% surge Tuesday (Photo: Reuters) — Intel and the underwriters have been aided somewhat by a strong market in recent days, with the tech-stock heavy Nasdaq index up about 8.5% since Oct. 14, including a more than 2% surge Tuesday (Photo: Reuters)

Offering raises $861 million by selling 41 million shares, valuing the unit at roughly $17 billion

Intel Corp.’s self-driving car unit Mobileye Global Inc. priced its initial public offering at $21 a share, a dollar above the top of its targeted range, according to people close to the deal.