After promising the move back in December, Intel announced yesterday that its Mobileye division has confidentially filed to go public. Intel bought the computer vision company focused on the self-driving sector back in 2017, before which it had been a public concern.
The move by Intel to free Mobileye has been long-telegraphed, which means it would be an easy item to set aside in the present news cycle. However, with today’s IPO market frozen like a glacier, any and all exit data is welcome. If Mobileye manages a smooth IPO at an attractive price, the company could help shake loose the exit market for tech companies. No single IPO will fix a bear market, but it would help.
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In contrast, if Mobileye struggles when it debuts, or its IPO i …