Intel was able to successfully conduct a public offering of shares of the Israeli startup Mobileye, which
What is known
Intel placed 41 million shares of Mobileye at a price$21 each, i.e. $1-3 more than originally planned. As a result, the American company was able to raise $861 million instead of $820 million by selling only 5% of its shares instead of the standard 10-20%. The main subscribers of the IPO were one of the largest investment banks Goldman Sachs and financial conglomerate Morgan Stanley.
All shares will remain at Intel's disposalclass B. They provide an order of magnitude more votes than class A securities that were issued on the US stock market. According to officially unconfirmed information, financial advisers insisted that during the IPO Intel parted with only 5%, because. a mass issuance of shares could negatively affect the value of the company.
The current market capitalization of Mobileye is$ 16.7 billion. This is $ 0.8 billion more than the planned $ 15.9 billion. However, do not forget that Intel paid $ 15.3 billion for the Israeli company five years ago and planned to increase its value to $ 50 billion.
Image: Intel