Road safety firm Mobileye IPO priced at $25 per share
July 31 (Reuters) - Mobileye NV's initial public offering has been priced at $25 per share, the company said, valuing the road-safety technology company at about $5.31 billion.
The Israeli company, which makes software and cameras that help cars avoid accidents, raised about $208.3 million from the offering after its IPO was priced at $25, above its price range of $21 to $23 per share.
Out of the 35.6 million shares being offered, the company is selling 8.33 million while the rest are being sold by shareholders. The company increased its IPO size from 27.8 million on Thursday.
Mobileye's systems include a windshield-mounted camera that takes pictures of what is in front of the driver. The images are processed and, in real time, a small device on the dashboard gives the driver audio-visual warnings.
The collision-avoidance technology is used in more than 3 million vehicles made by BMW AG General Motors Co and Tesla Motors Inc.
Shares of Mobileye are expected to start trading on Friday on the New York Stock exchange under the symbol "MBLY."
Goldman Sachs & Co, which is also the biggest shareholder of the company with a 14.9 percent stake, and Morgan Stanley are the lead underwriters for the offering.
(Reporting by Avik Das in Bangalore; editing by Andrew Hay)