Intel says Mobileye has confidentially filed for IPO
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Intel (NASDAQ:INTC) said on Monday that its autonomous driving unit, Mobileye, has confidentially submitted its draft registration statement with the Securities and Exchange Commission for its upcoming initial public offering.
No details were given about a valuation, but Intel purchased the Israeli tech company for $15.3 billion in 2017.

Intel (INTC) shares were slightly lower in early Monday trading, down less than 0.5% to $47.98.
In December, Intel (INTC) said it was spinning off Mobileye in 2022, noting the unit had more than 40% revenue growth in 2021.