News Column

Mobileye N.V. Closes Initial Public Offering

August 23, 2014



By a News Reporter-Staff News Editor at Investment Weekly News -- Mobileye N.V., (NYSE: MBLY) the global leader in the design and development of camera-based Advanced Driver Assistance Systems, announced that it has closed its initial public offering of 40,927,350 ordinary shares priced at $25.00 per share. Mobileye offered 8,325,000 ordinary shares and the selling shareholders offered 32,602,350 ordinary shares, which includes 5,338,350 ordinary shares that the underwriters acquired pursuant to exercise of their over-allotment option. The aggregate gross proceeds of the offering were $1.023 billion. Mobileye's ordinary shares are listed on the New York Stock Exchange under the symbol "MBLY."

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Mobileye expects to use the estimated $193.7 million of net proceeds to it from the offering, after expenses, for general corporate purposes and to purchase EyeQ() chip inventory.

Goldman, Sachs & Co. and Morgan Stanley & Co. LLC acted as lead book-running managers for the offering. Deutsche Bank Securities Inc. was a joint book-running manager and Barclays Capital Inc. and Citigroup also acted as book-running managers. Wells Fargo Securities, LLC, Robert W. Baird & Co., Incorporated, William Blair & Company, L.L.C. and Raymond James & Associates, Inc. acted as co-managers.

The offering was made only by means of a prospectus. A copy of the 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: prospectus-ny@ny.email.gs.com; 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 prospectus@morganstanley.com.

A registration statement relating to these securities was filed with and declared effective by the U.S. Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to their registration or qualification under the securities laws of any such state or jurisdiction.

Keywords for this news article include: Industry, Mobileye N.V, Goldman Sachs, Banking and Finance, Financial Companies, Investment Companies.

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Source: Investment Weekly News


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