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Collision avoidance company Mobileye files for a $100 million IPO

June 19, 2014

Mobileye, which provides camera-based technology to avoid automobile collisions, filed on Thursday with the SEC to raise up to $100 million in an initial public offering, although the deal size is likely just a placeholder. We estimate the company could raise $250 million or more. The Jerusalem, Israel-based company, which was founded in 1999 and booked $81 million in sales for the fiscal year ended December 31, 2013, plans to list on the NYSE under the symbol MBLY. It initially filed confidentially on May 12, 2014. Goldman Sachs and Morgan Stanley are the joint bookrunners on the deal. No pricing terms were disclosed.