Mobileye prices secondary offering of 38.5M shares at $42
Mobileye Global (NASDAQ:MBLY) prices secondary public offering of 38.5M shares of Mobileyeâs stock by Intel Overseas Funding Corporation, a wholly owned subsidiary of Intel (NASDAQ:INTC) at a price of $42.00 per share.
Underwriters have a 30-day option to purchase up to an additional ~5.78M shares.
The offering is expected to close on June 12, 2023.
Mobileye is not selling any shares and will thus not receive any proceeds.