By Colin Kellaher

 

Shares of Mobileye Global Inc. jumped more than 30% in their trading debut Wednesday after the Intel Corp. unit's initial public offering was priced above expectations.

Mobileye sold 41 million shares at $21 apiece, compared with an expected price range of $18 to $20.

Mobileye shares were recently changing hands at $27.76, up about 32%, after opening at $26.71.

 

Write to Colin Kellaher at colin.kellaher@wsj.com

 

(END) Dow Jones Newswires

October 26, 2022 12:03 ET (16:03 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.
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