Mobileye Share Price Drops 37 Percent From Its Peak

January 22, 2015 | Mobileye‘s shares on the New York Stock Exchange have reportedly lost up to 37 percent of the their value. “Globes” reports that this amounts to a $4.8 billion loss in the value of the company’s market cap, now valuing the market cap at $8 billion. At its peak following the company’s IPO this summer, Mobileye’s share price reached $60.28 last October, but has since declined $37.74 per share, and at a time when US capital markets are performing strongly. According to “Globes” assessment, this could mean that Mobileye will offer up a second offering, due to the interests of major investors like Goldman Sachs that owns a  12.3 percent stake in the company. Mobileye develops collision prevention technology and was founded in 1999 by Hebrew University Professor Amnon Shashua and Ziv Aviram.