ipo Archives - Internet of Things News

BlackBerry axes plan to separate IoT business

Ryan Daws — Tue, 12 Dec 2023 09:57:43 +0000

BlackBerry has scrapped its plan to split into two independent companies, including pursuing an initial public offering (IPO) for its IoT business unit. Instead, the Canadian tech giant has chosen to reorganise itself into two distinct internal divisions: one focusing on its cybersecurity strength, and the second on the IoT. The decision comes after the... Read more »

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Intel’s self-driving firm Mobileye files for an IPO

Ryan Daws — Mon, 03 Oct 2022 12:42:59 +0000

Intel-owned self-driving firm Mobileye has filed for an IPO (Initial Public Offering). Mobileye was acquired by Intel for $15.3 billion in 2017 and specialises in developing chips and software for autonomous driving and driver-assistance systems. Intel reportedly expected Mobileye to be valued at $50 billion but is now anticipating somewhere around $30 billion due to... Read more »

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