Intel-owned autonomous driving tech company Mobileye files for an IPO

Mobileye, the self-driving tech firm that Intel had purchased for $15.3 billion back in 2017, has filed for an IPO with the Securities and Exchange Commission. When Intel first announced its plans to take Mobileye public late last year, the autonomous driving firm was expected to have a valuation of over $50 billion. Now according to Bloomberg, Intel expects Mobileye to be valued at around $30 billion, due to soaring inflation rates and poor market conditions. Regardless, it's still bound to become one of the biggest offerings in the US for 2022 if the listing takes place this year.