Intel Mobileye IPO eyes significantly lower valuation – WSJ

(Reuters) – Intel Corp is eyeing a significantly lower-than-expected valuation for the IPO of its self-driving car unit Mobileye, The Wall Street Journal reported on Monday, citing people familiar with the matter.

According to the report, Mobileye, which was initially expected to achieve a valuation of around $50 billion, should now target one below $20 billion and sell fewer shares than originally expected.