Intel’s Mobileye unit set for strong market debut

Shares of Mobileye Global Inc were set to open 20% higher on Wednesday, potentially valuing the self-driving technology unit of Intel Corp at nearly $20 billion after the IPO was priced above the anticipated range.

At 10:31 a.m. Eastern Time, the shares were indicated to open at $25.05, up from the initial public offering price of $21 per share.