JERUSALEM – Mobileye N.V., a developer of camera-based advanced driving assistance systems, has launched a roadshow for its initial public offering. The offering is for 27,750,000 ordinary shares. Mobileye is offering 8,325,000 ordinary shares and the selling shareholders are offering 19,425,000 ordinary shares. The selling shareholders have also granted the underwriters an option to purchase up to 4,162,500 additional ordinary shares to cover over-allotments, if any. The IPO price is currently expected to be between $17 and $19 per share. Mobileye has been approved to list its ordinary shares on the New York Stock Exchange under the symbol "MBLY."
Mobileye expects to use the net proceeds of the offering for general corporate purposes and to purchase EyeQ chip inventory.
Goldman, Sachs & Co. and Morgan Stanley & Co. LLC are acting as lead book-running managers for the proposed offering. Deutsche Bank Securities Inc. is a joint book-running manager, and Barclays Capital Inc. and Citigroup are also acting as book-running managers. Wells Fargo Securities LLC, Robert W. Baird & Co. Inc., William Blair & Co. LLC and Raymond James & Associates Inc. are acting as co-managers.
The offering will be made only by means of a prospectus. A copy of the preliminary prospectus for the offering may be obtained by contacting Goldman, Sachs & Co., Attn.: Prospectus Department, 200 West Street, New York, NY 10282, telephone: (866) 471-2526, or email: [email protected]; or Morgan Stanley & Co. LLC, 180 Varick Street, 2nd Floor, New York, NY 10014, Attn.: Prospectus Department, or by calling (866) 718-1649, or by emailing [email protected].
