moomoo ID:NaN
Log Out
Log in to access Online Inquiry

Mobileye IPO Alert: 7 Things for MBLY Stock Investors to Know

InvestorPlace ·  {{timeTz}}

InvestorPlace - Stock Market News, Stock Advice & Trading Tips

Intel (NASDAQ:INTC) officially filed for the long-anticipated, greatly delayed Mobileye IPO late on Friday. INTC stock is climbing about 1% in pre-market trading in the wake of the news.

Mobileye develops components that facilitate the self-driving and advanced driver assistance systems (ADAS) of vehicles. Following its IPO, Mobileye will trade under the symbol "MBLY."

Intel had originally planned to launch the IPO around June, but it delayed the offering due to the stock market's woes.

Here are seven more things that investors should know about the Mobileye IPO.

  • Intel will keep "full control of Mobileye" following its IPO using "supervoting" shares of Mobileye stock.
  • From Jan. 2 to July 2, Mobileye's top line came in at $854 million, while it reported a net loss of $67 million.
  • Its revenues in 2019, 2020, and 2021 were $879 million, $967 million, and $1.4 billion, respectively.
  • Intel expects Mobileye stock to be valued at about $30 billion during the Mobileye IPO.
  • Mobileye has developed a system-on-a-chip that directs and controls the unit's autonomous driving and ADAS offerings.
  • Among the unit's top customers are BMW (OTCMKTS:BMWYY) and Volkswagen (OTCMKTS:VWAGY), and is collaborating with over 50 automakers.
  • Mobileye is looking to create its own autonomous vehicles, and expects "to launch a driverless delivery service in 2023," The Verge reported.

More About Mobileye and INTC Stock

"We believe that we will be positioned to deliver an autonomous driving solution that can enable the mass adoption of AVs, including both Mobileye-powered robotaxis and consumer-owned autonomous driving vehicles," Mobileye CEO Amnon Shashua wrote in the IPO filing.

INTC stock has tumbled 50% in 2022 and 17.5% in the last month. Its price-earnings ratio has sunk to just 5.5.

On the date of publication, Larry Ramer did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.

Larry Ramer has conducted research and written articles on U.S. stocks for 15 years. He has been employed by The Fly and Israel's largest business newspaper, Globes. Larry began writing columns for InvestorPlace in 2015. Among his highly successful, contrarian picks have been GE, solar stocks, and Snap. You can reach him on StockTwits at @larryramer.

The post Mobileye IPO Alert: 7 Things for MBLY Stock Investors to Know appeared first on InvestorPlace.

This presentation is for informational and educational use only and is not a recommendation or endorsement of any particular investment or investment strategy. Investment information provided in this content is general in nature, strictly for illustrative purposes, and may not be appropriate for all investors. It is provided without respect to individual investors’ financial sophistication, financial situation, investment objectives, investing time horizon, or risk tolerance. You should consider the appropriateness of this information having regard to your relevant personal circumstances before making any investment decisions. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. Moomoo makes no representation or warranty as to its adequacy, completeness, accuracy or timeliness for any particular purpose of the above content.

Moomoo is a financial information and trading app offered by Moomoo Technologies Inc.
In the U.S., investment products and services available through the moomoo app are offered by Moomoo Financial Inc., a broker-dealer registered with the U.S. Securities and Exchange Commission (SEC) and a member of Financial Industry Regulatory Authority (FINRA)/Securities Investor Protection Corporation (SIPC).
In Singapore, investment products and services available through the moomoo app are offered through Moomoo Financial Singapore Pte. Ltd. regulated by the Monetary Authority of Singapore (MAS). Moomoo Financial Singapore Pte. Ltd. is a Capital Markets Services Licence (License No. CMS101000) holder with the Exempt Financial Adviser Status. This advertisement has not been reviewed by the Monetary Authority of Singapore.
In Australia, financial products and services available through the moomoo app are provided by Futu Securities (Australia) Ltd, an Australian Financial Services Licensee (AFSL No. 224663) regulated by the Australian Securities and Investment Commission (ASIC). Please read and understand our Financial Services Guide, Terms and Conditions, Privacy Policy and other disclosure documents which are available on our websites https://www.futuau.com and https://www.moomoo.com/au. Moomoo Technologies Inc., Moomoo Financial Inc., Moomoo Financial Singapore Pte. Ltd. and Futu Securities (Australia) Ltd are affiliated companies.