Friday, August 01, 2014

Mobileye IPO Values Company at $5.31B

Reuters: Mobileye's NYSE IPO on Aug. 1st values the vision-based ADAS company at about $5.31 billion, higher than planned. The company estimates that its products were installed in about 3.3M vehicles worldwide as of March 31, including BMW, Honda and Tesla Motors. By the end of 2014, it expects its technology to be available in 160 car models from 18 original equipment manufacturers worldwide.

Here is BMW TV story:

Update: The valuation has jumped to $7.86B in the first day of trade.

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