Intel aims to break U.S. tech IPO drought with big Mobileye offering IPO
The only other big tech offering expected this year is from San Francisco-based grocery-delivery startup Instacart, whose legal name is Maplebear Inc. But The InformationMobileye's market debut could come by the end of the month, according to several reports. It plans to list on Nasdaq with the ticker symbol of MBLY.
Mobileye reported a $75 million net loss on $1.39 billion of revenue for 2021 in its filing on Friday. It said its net loss the year before was $196 million on $967 million in revenue in 2020. In his letter to investors in Friday's filing, Mobileye CEO Amnon Shashua said he supported the sale to Intel to accelerate a transition from offering driver-assist technology to offering the tech for fully autonomous vehicles.Here is more venture and startup news from the start of the first week of October:San Francisco, $80 million: Sway Ventures led the Series D funding of this debt payoff software provider. Menora Mivtachim Holdings Ltd.
in a deal valued at about $399 million. The Emeryville-based developer of cancer therapeutics said in a new release on Monday that it may raise up to $398.5 million, which includes about $45.4 million of cash in trust held by the New York-based SPAC. The company plans to trade under the name Estrella Immunopharma Inc. after the merger.have agreed to an all-stock merger in which Aeroclean will own 50.5% of the nw company.
The billionaire Silicon Valley investor last raised a fund for the firm four years ago, more recently being involved in leading a string of SPACs.CEOs and executive staff gather to find out where their companies rank on this year's list of Silicon Valley's Fastest Growing Private Companies.The Business Journal is looking for the most influential women in the Silicon Valley to honor in our prestigious special publication and event.
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