Self-driving towards an IPO? Intel unveils plans for Mobileye offering

Intel will take its Mobileye tentacle public next year, five years after spending $15bn to buy the sensor company. Chipzilla said it will maintain majority ownership of Mobileye after the offering, expected in mid-2022 (although a final decision on the IPO, its conditions and timings has yet to be made.) The justification …

[Furious Reg reader John]

Would be a nice deal

Wow - turning $15bn into $50bn over 5 years. That would make Mobileye worth about the same as Honda, or 5% of Tesla.