Crash-avoidance car firm Mobileye reportedly eyes monster $1b IPO
Jerusalem-based company had profits of some $35 million last year, but high IPO valuation reflects expected business growth.
The Israeli automobile collision-avoidance technology firm Mobileye is planning on raising as much as $1 billion on the Nasdaq exchange in an initial public offering of shares, The Wall Street Journal reported over the weekend. The news was confirmed by sources close to the company.
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