Mobileye, Intel’s self-driving startup, applies for an IPO

According to estimates, Intel originally estimated Mobileye’s IPO to be worth $50 billion, but then reduced its estimate to roughly $30 billion. According to Mobileye’s SEC filing, revenue has been steadily increasing over the last several years, rising from $879 million in 2019 to $967 million in 2020 and peaking out at $1.4 billion in 2021. The application has no information on how much a share may cost.