Mobileye prices IPO at $25 per share

|About: Mobileye (MBLY)|By:, SA News Editor

Mobileye's (Pending:MBLY) IPO has been priced at $25 per share, valuing the road-safety technology company at approximately $5.3B. Mobileye will raise about $208.3M from the offering, and shares will begin trading this morning on the NYSE.

The Israeli company's collision-avoidance technology is used in more than 3M vehicles made by BMW, GM, and Tesla.

Out of the 35.6M shares being offered, Mobileye is selling 8.33M while the rest are being sold by shareholders.