Mobileye NV (IPO-MOB.AS) Key Developments | Reuters.com
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Mobileye NV prices initial public offering


Thursday, 31 Jul 2014 07:15pm EDT 

Mobileye NV:Says that it has priced its initial public offering of 35,589,000 ordinary shares at $25.00 per share.Says Mobileye is offering 8,325,000 ordinary shares and the selling shareholders are offering 27,264,000 ordinary shares.Says the selling shareholders have also granted the underwriters an option to purchase up to 5,338,350 additional ordinary shares to cover over-allotments, if any.Says Mobileye's ordinary shares will be listed on the New York Stock Exchange under the symbol "MBLY" and trading is expected to begin on Aug. 1, 2014.Says the closing of the offering is expected to occur on Aug. 6, 2014.Mobileye expects to use the net proceeds of the offering for general corporate purposes and to purchase EyeQchip inventory.