Intel Prices IPO for Self-Driving Car Unit Mobileye

Intel self-driving car unit Mobileye Global priced its initial public offering at $21 a share, a dollar above the top of its targeted range, according to people close to the deal. Mobileye raised $861 million by selling 41 million shares, valuing the company at roughly $17 billion, the people said. That is more than the $15.3 billion that Intel paid for the Mobileye in 2017 but a far cry from the $50 billion or more that the chip giant originally set its sights on when it unveiled plans for the listing late last year. The Wall Street Journal previously reported that Intel was expected to price the IPO at or above the top of its targeted range of $18 to $20 a share. A weekly digest of tech reviews, headlines, columns and your questions answered by WSJ's Personal Tech gurus.