Intel’s Mobileye seeks drastically lower $16 bln valuation in IPO

Oct 18 (Reuters) – Intel’s Mobileye said on Tuesday it was targeting a valuation of nearly $16 billion in its initial public offering, less than a third of what it had previously expected, as volatility in stock markets and rising interest rates dampen the appetite for new listings.

https://www.reuters.com/markets/us/mobileye-targets-up-16-bln-valuation-us-ipo-2022-10-18/