Mobileye files for Nasdaq IPO

• Author: Globes correspondent
• Published date: 01 October 2022
• Publication title: Globes (Rishon LeZion, Israel)

According to the prospectus, Mobileye has posted strong revenue growth in recent years with revenue of $879 million in 2019, $967 million in 2020 and $1.39 billion in 2021 - a rise of 58% in two years. In the first half of 2022, Mobileye reported revenue of $854 million, up 21% from the first half of 2021

The company reported a net loss of $328 million in 2019, and $75 million in 2021. Mobileye CEO Amnon Shashua said in the prospectus that 50 companies currently use Mobileye technology on 800 car models.

In July, "Globes" reported that Shashua wrote to the company's employees that the planned IPO had been postponed due to the market conditions but he expressed hope that the flotation would still take place in 2022.

The prospectus did not stipulate the company valuation for the flotation but "Bloomberg" reported last month that Mobileye's planned valuation for the IPO had...