Mobileye IPO: How to buy the Intel-owned self-driving company's stock?

3 min read | December 07, 2021 04:03 AM EST | By Raza Naqvi

Mobileye IPO: How to buy the Intel-owned self-driving company's stock? — Image source: © Prykhodov | Megapixl.com

What is Intel's Mobileye IPO?

The self-driving arm of the chipmaker seems to have a high-growth potential as this industry is expected to boom in future. According to Intel, the market for automotive silicone will reach US$ 115 billion by 2030 and Mobileye is showing consistent growth ever since the acquisition.

All you need to know about Mobileye IPO

The chipmaker will likely reveal more details about the initial public offering on Tuesday, December 7. Interested investors in this company cannot buy the stock right now as Mobileye continues to remain a private company.

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In addition, until the company launches its IPO process and receives approval from the Securities and Exchange Commission (SEC), retail investors cannot buy the pre-IPO stock.

Alternatively, interested investors have the option of choosing the Intel stock. Investors responded positively to the news of Mobileye IPO and Intel’s shares rose 3.5 per cent on Monday, December 6.

Bottom line

As electric vehicles (EVs) are becoming increasingly popular, demand for autonomous cars is expected to rise. Tesla is already leading the market, and more companies could enter the space of self-driving EVs.

If this happens, Mobileye could benefit from it as it is involved in the development of chips and software required to work with sensors in vehicles. Notably, sensors are required to enable vehicles to handle more driving functions.

Also Read: VinFast IPO: Can you buy the Vietnamese electric car maker's stock?

Mobileye recently unveiled a vehicle that will be used for driverless ride-hailing services in Munich and Tel Aviv.

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