Goldman Sachs, Morgan Stanley to lead Intel’s Mobileye IPO -sources – Reuters

Goldman Sachs, Morgan Stanley to lead Intel’s Mobileye IPO -sources – Reuters

April 14 (Reuters) - Intel Corp's (INTC.O) Mobileye has tapped investment banks Goldman Sachs Group Inc (GS.N) and Morgan Stanley (MS.N) to lead preparations for the initial public offering of the self-driving car unit, according to three people familiar with the matter.

The stock market flotation, which is set to launch later this year, could value Mobileye at as much as $50 billion, the sources said, cautioning that the timing, valuation and size of the IPO are subject to market conditions.

The amount to be raised in the IPO could not be learned and the sources requested anonymity because details of the IPO preparations are confidential.