Mobileye Priced 38.5M Share Secondary Offering of Shares of Class A Common Stock @$42/Share
Portfolio Pulse from Charles Gross
Mobileye Global Inc. has priced its secondary public offering of 38.5 million shares of Class A common stock at $42 per share. The offering is expected to close on June 12, 2023. Goldman Sachs, Morgan Stanley, and other major banks are managing the offering.
June 08, 2023 | 9:13 am
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Mobileye's secondary public offering of 38.5 million Class A shares is priced at $42 per share, with the offering expected to close on June 12, 2023.
The secondary public offering will increase the number of shares available in the market, which could dilute the value of existing shares. However, the pricing at $42 per share indicates a strong demand for the stock. The impact on the stock price in the short term is uncertain, as it depends on market reaction to the offering.
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