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Mobileye blasts off following IPO

Aug. 01, 2014 10:47 AM ETMobileye (MBLY-OLD) StockMBLY-OLDBy: Eric Jhonsa, SA News Editor20 Comments
  • Mobileye (NYSE:MBLY) opened for trading at $36 and is now at $37.75, up 51% from an elevated $25 IPO price.
  • The driver-assistance system developer is valued at $8.01B, or an eye-popping 99x 2013 sales. Given Mobileye's rapid growth (Q1 sales rose 204% Y/Y), forward sales multiples will be relatively modest once analyst estimates arrive.
  • Prospectus, IPO preview, analysis

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