Canaccord Genuity Starts Mobileye N.V (MBLY) at Buy, 'in a pole position to help lead the full self-driving market'

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Go back to Canaccord Genuity Starts Mobileye N.V (MBLY) at Buy, 'in a pole position to help lead the full self-driving market'

Mobileye Announces Secondary Offering of Shares of Class A Common Stock

June 5, 2023 4:21 PM EDT

JERUSALEM--(BUSINESS WIRE)-- Mobileye Global Inc. (Nasdaq: MBLY) (Mobileye) today announced the commencement of an underwritten secondary public offering of 35,000,000 shares of Mobileyes Class A common stock by Intel Overseas Funding Corporation, a wholly owned subsidiary of Intel Corporation (the Selling Stockholder). The Selling Stockholder intends to grant the underwriters a 30-day option to purchase up to an additional 5,250,000 shares of Mobileyes Class A common stock.

Mobileye is not selling any shares of Class A common stock in the offering and will not receive any proceeds from the sale of the... More