Intel to take its mobileye unit public in 2022 IPO; shares jump

Intel Corp. plans to list shares of its Mobileye self-driving car business by the middle of next year, letting the chipmaker capitalize on its investment in a burgeoning industry. 
 

Intel will remain the majority owner after the transaction, which involves an initial public offering of newly issued Mobileye stock, the company said in a statement Monday. Mobileye’s executive team, led by Amnon Shashua, also will stay on board. 

News of the move, first reported earlier Monday, sent shares of Intel up as much as 8.5% to $55.30 in late trading. The stock had previously gained just 2.3% this year, trailing the