Mobileye IPO Prices Above Range, Jumps In Hot Debut

By | August 1, 2014

Scalper1 News

Mobileye (MBLY) drove an eye-popping IPO Friday morning, jumping 50% out of the gate. The company says it’s the leading developer of camera-based driver-assistance systems, including self-driving auto technology, automatic braking and collision avoidance. Mobileye priced its initial public offering Thursday night at 25, above the high end of its upwardly revised price range of 21 to 23. It began trading at 36 and was near 38.50 in midday trading Scalper1 News

Scalper1 News