Mobileye Set To Raise $600M Following NYSE IPO

July 30, 2014 | The Israeli collision avoidance technology developer Mobileye increased the estimates for the amount of money it is set to raise when it goes public this week on the New York Stock Exchange (NYSE). The company is now filing with the SEC that it will raise over $600 million, offering up 27.8 million shares ranging between $21 to $23. The newest price estimates, about 22 percent higher than was previously expected, is expected to put the company value at a total of $5.2 billion, according to “Globes.” Founded in 1999 and headquartered in The Netherlands, Mobileye provides camera-based collision prevention technology for automobiles.