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6/20/2014 5:15:00 PM Write a Letter to the Editor Write a letter to the Editor

Mobileye Plans Initial Public Offering

Collision-avoidance technology provider Mobileye N.V. has filed to raise up to $100 million through an initial public offering in the United States.

However, the company said it has not yet determined the number of shares to be sold or the price range for the proposed offering.

It has applied to have its shares listed on the New York Stock Exchange under the symbol “MBLY.”

In its June 19 filing with the U.S. Securities and Exchange Commission, Mobileye said its net income in 2013 was $19.9 million, compared with losses of $53,000 in 2012 and $13.4 million in 2011. Its revenue climbed to $81.2 million last year, up from $40.3 million in 2012 and $19.2 million in 2011, the company said.

Mobileye’s system detects lanes, vehicles and pedestrians and generates warnings when the driver is in danger of a potential collision. It offers the technology to trucking fleets and a variety of car manufacturers.

The company, founded in Israel in 1999, is headquartered in The Netherlands, conducts research and development in Israel and maintains offices in the U.S., Cyprus, China, Germany and Japan.

By Transport Topics

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