Intel shares soar 8.82 percent on news of IPO plans Mobileye 8.82 percent, from 50.96 to 55.45 dollars apiece, on the postmarket on the American Nasdaq exchange. The shares then corrected to $ 54.3 (plus 6.56 percent).
The sharp rise in shares was caused by the news of Intel's plans to bring its Mobileye division to an IPO (initial public offering) in mid-2022. which develops technologies for self-driving cars. The market value of Mobileye could reach $ 50 billion. The final decision to enter the exchange will depend on the market situation.