Intel’s Mobileye Global(MBLY) was the sole US IPO this past week. Six small IPOs submitted initial filings, including five Chinese companies.
Assisted-driving and self-driving car unitMobileyedominated the week’s headlines, after pricing above the range– the year’s only sizable IPO to do so. It raised $861 million at a $17 billion market cap. The company’s offering represents the third largest in 2022 so far. Mobileye shares rose 38% on its debut, and finished the week up 29%.
Six companies submitted initial filings this past week. Hong Kong-based furniture and fixture maker Decca Investment(DCCA) filed to raise $33 million, Hong Kong-based paper packing maker Millennium Group International Holdings(MGIH) filed to raise $23 million, Chinese advertising service provider Lemeng Holdings(LIAI) filed to raise $18 million, Hong Kong-based asset manager Prestige Wealth(PWM) filed to raise $15 million, and Chinese supplement producer Zhong Yuan Bio-Technology(ZYBT.RC) filed to raise $15 million.
The sole US-based company to submit an initial filing this past week was alternative medicine practice Nava Health MD(NAVA), which filed to raise $12 million.