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Intel pushes ahead with Mobileye Self-Driving Car Unit IPO plans


Intel Corp. is pushing for a public listing of shares in its self-driving car unit Mobileye, giving impetus to an IPO market that has been under pressure this year due to stock market turmoil.

Mobileye on Friday said it had filed an IPO filing with the Securities and Exchange Commission. The company did not give an expected size for its IPO, nor did it give an expected price. The Wall Street Journal last year covered Mobileye could reach a valuation north of $50 billioncited people familiar with the matter, although that came before the IPO market softened in recent months.

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