Tuesday, July 22, 2014

Mobileye Plans IPO at $3.8B Valuation

Reuters, Globes: Mobileye, a maker of vision & camera-based ADAS systems starts the roadshow for NYSE IPO of $500M at $3.8B valuation. Mobileye's revenue was $81.2M in 2013. Such a high valuation (for a hardware company) reflects the market expectations for a wide adoption of automotive vision systems.

A Youtube video shows one of the Mobileye features in action:

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