Israeli company Mobileye soars after its Nasdaq debut
The share price rose 38% to $28.97 on the first day of trading, giving the company a market capitalization of $23.068 billion.
Newsrael News Desk 29.10.2022
JNS reports that Mobileye Global (Nasdaq: MBLY), an Israeli self-driving car and advanced driver-assistance systems unit, had a lucrative Wall Street debut Wednesday.
Mobileye returned to Wall Street after five and a half years as an Intel-owned private company. The IPO (initial public offering) was the largest on Wall Street this year, making it the most valuable Israeli company, easily surpassing Check Point Software Technologies (Nasdaq: CHKP), valued at $14.6 billion.
Source - JNS/Twitter - Image - Reuters
Did you find this article interesting?