IPO watch: Mobileye aims for 2014 public launch

|By:, SA News Editor

Mobileye plans to raise $500M in an IPO on the Nasdaq sometime this year.

The Israeli company has created some of the technology used by automakers to avoid collisions.

The projected valuation on Mobileye is at $2.5B-$3.0B if the IPO goes off as planned.

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