Intel plans to take Mobileye, the advanced driver assistance and automated driving subsidiary it acquired for $15 billion more than four years ago, public next year.
Spinning Mobileye out into a separate publicly traded company could increase value for Intel shareholders, its parent company said in an announcement that went out late Monday. A source told TechCrunch the IPO is expected to take about six months, a timeline that suggests it has not yet started the typical IPO roadshow process.
A source familiar with Intel’s plans to list shares of Mobileye told Reuters the unit could be valued at more than $50 billion. The Wall Street Journal first reported Intel’s intent to sell shares of Mobileye.
“Intel will remain the majority owner of Mobileye, and …
