Description: Intel has announced that it plans to list Mobileye, the Israeli autonomous driving firm it acquired for $15.3 billion in 2017, as part of an effort to branch out into new markets.

Source: CNBC.com – video report

Date: Dec 07, 2021

Link: https://www.cnbc.com/2021/12/07/intel-plans-to-take-self-driving-car-unit-public-in-the-us-in-2022.html

Questions for discussion:

• Why didn’t Intel stock rise before the announced IPO spinoff of Mobileye?
• What does this say to financial managers looking for ways to increase investor’s equity?