Mobileye To Issue Secondary NYSE Offering

March 18, 2015 | The developer of camera-based driving assistance systems, Mobileye, filed with the US Securities & Exchange Commission for a secondary offering. The company and its investors will sell 14.5 million shares at a closing price of $41.63 per share, in an attempt to raise over $600 million. Mobileye initially went public with its shares on the New York Stock Exchange at a share price of $25 per share, with the shares reaching a height of $57.70 at their peak. Mobileye was founded in 1999 by Hebrew University Prof. Amnon Shashua and Ziv Aviram.