Mobileye Global Inc., a leader in the development and deployment of advanced driver-assistance systems and autonomous driving technologies and solutions, completed its initial public offering on October 28, 2022. The IPO, together with a concurrent private placement, generated net proceeds of approximately $0.9 billion. Following the IPO, Intel Corporation retains approximately 94 percent of Mobileye’s outstanding equity.
This offering is the largest U.S. tech IPO in 2022 to date.
Goldman Sachs & Co. LLC and Morgan Stanley acted as joint lead book-running managers for the IPO. The Palo Alto-based S&C team advising the underwriters was led by John Savva and included James Shea, Alexandra Smith, Danielle McKenna and Matthew Deorocki. Rachel Yu and Elizabeth Levin advised on intellectual property matters. Jeff Hochberg, Saul Brander and Eli Dubin advised on tax matters. Heather Coleman advised on executive compensation and benefits matters. Tracey Russell advised on FINRA matters. Eric Kadel advised on export control matters.
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