New York CNN Business — Wall Street bulls may have come thundering back in October as bears appear to have gone into hibernation. But there’s another beast, albeit a mythical one, that has been pretty much absent from the stock market all year: Unicorns. There has been little demand for private companies to make their … Read more
DariaRen/iStock via Getty Images ASP Isotopes (ASPI) has downsized its proposed initial public offering to $7M from $12M. In its latest filing, the company said that it is now looking to offer 1.5M shares priced from $4 to $5, which would raise around $7M if priced at the midpoint. In addition, certain selling shareholders plan … Read more
poba Biostage (OTC:BSTG), which is developing regeneration therapies for damaged organs, has disclosed terms for a proposed $6M public offering and uplisting to Nasdaq. The Mass.-based biotech company said in a filing that it is looking at offering 1M units for the assumed price of $6 per unit. Each unit would consist of one share … Read more
patpitchaya Hong Kong-based furniture maker Decca Investment Ltd (DCCA) has filed for a proposed $33M US initial public offering. Decca said in a filing that it was considering offering 6M shares priced between $4 and $7, which would raise around $33M if priced at the midpoint at $5.50 per share. The company intends to list … Read more
Intel Corp. must contend with an earnings report Thursday that notably lacked a formal pre-announcement, amid a bleaker-than-expected PC market and layoff rumors — all of which may quickly overshadow the boost from Wednesday’s initial public offering of its Mobileye unit. Intel INTC, -0.73% is scheduled to report third-quarter earnings after the closing bell Thursday, … Read more
The Mobileye (MBLY) initial public offering, a spinoff by Intel (INTC), priced 41 million shares at $21 each, above the high end of its estimated range, the Wall Street Journal reported Wednesday. INTC stock dipped. The IPO raised $861 million and valued the company at about $17 billion, both above expectations, the Journal reported. Analysts expected … Read more
Mobileye Global Inc. MBLY, +30.50% was cheered by investors on its Wall Street debut on Wednesday, as shares of the autonomous driving spinoff of Intel Corp. INTC, +0.15% opened 27.2% above the initial public offering price. The company was valued at about $16.7 billion and raised $861.0 million, as it said late Tuesday that it … Read more
Mobileye Global Inc. priced its initial public offering higher than its targeted range late Tuesday to raise nearly $1 billion, most of which will go to Intel Corp. Mobileye priced its initial public offering at $21 late Tuesday, the company announced in a news release, after previously stating a targeted range of $18 to $20; … Read more
(Bloomberg) — Mobileye Global Inc., the self-driving technology company owned by Intel Corp., priced one of the biggest US initial public offerings of the year above its marketed range to raise $861 million. Most Read from Bloomberg The company sold 41 million shares for $21 each, according to a statement Tuesday confirming earlier reports. Mobileye … Read more
Underwriters have a 30-day option to purchase up to an additional 6.15M common shares. The significant portion of net proceeds of ~$0.8B will be used for repayment on a note owed to its parent company, Intel and the remaining for working capital and general corporate purposes. The self driving unit will raise additional $100M through … Read more