Israeli autonomous driving firm goes public
Mobileye’s stock rose on its first day trading on Nasdaq.
The Israeli autonomous driving company Mobileye is now being traded on the New York Stock Exchange.
Mobileye’s stock rose more than 37% to $28.97 a share by the end of Nasdaq’s trading on Wednesday, according to market data.
“Our dream is for every vehicle to have life-saving driver-assistance technology,” said CEO Amnon Shashua in a statement. Shashua rang the opening bell on the trading floor in New York City Wednesday in honor of the company going public.
Why it matters: Mobileye develops autonomous driving technology, including software that helps drivers avoid accidents via cameras.
