Mobileye blasts off following IPO

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

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.

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