Mobileye IPO priced at $25 per share, values company at $ 5.31 bn
01/08/2014 15:37
Mobileye N.V., the global leader in the design and development of camera-based Advanced Driver Assistance Systems, announced that it has priced its initial public offering of 35,589,000 ordinary shares at USD 25 per share valuing the company at about USD 5.31 billion. Mobileye is offering 8,325,000 ordinary shares and the selling shareholders are offering 27,264,000 ordinary shares. The selling shareholders have also granted the underwriters an option to purchase up to 5,338,350 additional ordinary shares to cover over-allotments, if any. Mobileye's ordinary shares will be listed on the New York Stock Exchange under the symbol "MBLY" and trading is expected to begin on August 1, 2014. Closing of the offering is expected to occur on August 6, 2014, subject to customary closing conditions. Mobileye expects to use the net proceeds of the offering for general corporate purposes and to purchase EyeQ chip inventory. Goldman, Sachs & Co. and Morgan Stanley & Co. LLC are acting as lead book-running managers for the offering. Deutsche Bank Securities Inc. is a joint book-running manager and Barclays Capital Inc. and Citigroup are also acting as book-running managers. Wells Fargo Securities, LLC, Robert W. Baird & Co., Incorporated, William Blair & Company, L.L.C. and Raymond James & Associates, Inc. are acting as co-managers.
01/08/2014 15:37
Mobileye N.V., the global leader in the design and development of camera-based Advanced Driver Assistance Systems, announced that it has priced its initial public offering of 35,589,000 ordinary shares at USD 25 per share valuing the company at about USD 5.31 billion. Mobileye is offering 8,325,000 ordinary shares and the selling shareholders are offering 27,264,000 ordinary shares. The selling shareholders have also granted the underwriters an option to purchase up to 5,338,350 additional ordinary shares to cover over-allotments, if any. Mobileye's ordinary shares will be listed on the New York Stock Exchange under the symbol "MBLY" and trading is expected to begin on August 1, 2014. Closing of the offering is expected to occur on August 6, 2014, subject to customary closing conditions. Mobileye expects to use the net proceeds of the offering for general corporate purposes and to purchase EyeQ chip inventory. Goldman, Sachs & Co. and Morgan Stanley & Co. LLC are acting as lead book-running managers for the offering. Deutsche Bank Securities Inc. is a joint book-running manager and Barclays Capital Inc. and Citigroup are also acting as book-running managers. Wells Fargo Securities, LLC, Robert W. Baird & Co., Incorporated, William Blair & Company, L.L.C. and Raymond James & Associates, Inc. are acting as co-managers.
