{"id":13521,"date":"2022-11-03T17:46:32","date_gmt":"2022-11-03T14:46:32","guid":{"rendered":"https:\/\/roboforex.com\/blog\/?p=13521"},"modified":"2024-04-15T13:51:36","modified_gmt":"2024-04-15T10:51:36","slug":"mobileye-global-ipo-the-largest-offering-since-early-2022","status":"publish","type":"post","link":"https:\/\/roboforex.com\/blog\/2022\/11\/03\/mobileye-global-ipo-the-largest-offering-since-early-2022\/","title":{"rendered":"Mobileye Global IPO: The Largest Offering Since Early 2022"},"content":{"rendered":"\n

The development of autonomous vehicle control technology that does not require a driver is one of the most promising developments in the global automotive industry today.<\/p>\n\n\n\n

The shares<\/a> of companies that research in this area are sought after by a wide range of investors. Today we will tell you in detail about one of these firms. Mobileye Global Inc. went public on October 26 on the NASDAQ with a ticker symbol of \"MBLY\".<\/p>\n\n\n\n

\"Mobileye<\/figure>\n\n\n\n

<\/span>What We Know About Mobileye Global<\/span><\/h2>\n\n\n\n

Israel-based Mobileye Global Inc. was founded by Amnon Shashua in 1999. It is the market leader in innovative in-car driver assistance systems. The same technology is also actively used in autonomous cars.<\/p>\n\n\n\n

Mobileye Global Inc. had already gone public in 2014. However, in 2017, the company was acquired by Intel Corporation<\/a> for USD 15.3 billion.<\/p>\n\n\n\n

\"Mobileye<\/a>
Mobileye Global's business<\/em><\/figcaption><\/figure>\n\n\n\n

Mobileye Global is also developing a fully autonomous robotic taxi. The company has promised that the project will be implemented in Tel Aviv and Munich by the end of this year. It was stated that the cost of one such autonomous vehicle would not exceed USD 6,000<\/p>\n\n\n\n

\"Mobileye<\/a>
Mobileye Global's business<\/em><\/figcaption><\/figure>\n\n\n\n

In 2021, more than 40 million cars were produced equipped with autopilot systems. Mobileye Global's products were installed in 28 million cars. Separately, the issuer cooperates with more than 50 automakers worldwide.<\/p>\n\n\n\n

\"Mobileye<\/a>
Mobileye Global's business<\/em><\/figcaption><\/figure>\n\n\n\n

As of the 2nd of July 2021, the amount of investment received by Mobileye Global from Intel was as high as USD 11 million. <\/p>\n\n\n\n

<\/span>What are the Prospects for the Mobileye Global Target Market?<\/span><\/h2>\n\n\n\n

According to Allied Market Research, the global market for autonomous vehicles was valued at USD 76 billion in 2020. By 2030, the estimate is expected to reach USD 2.16 trillion. The projected compound annual growth rate (CAGR) from 2021 to 2030 is 40.1%.<\/p>\n\n\n\n

Main competitors:<\/p>\n\n\n\n