Mobileye scheduled to enter the Renaissance IPO ETF (IPO)


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Mobileye ( MBLY ), a leading Israeli developer of camera-based Advanced Driver Assistance Systems (ADAS), raised $890 million. At the $25 offer price, Mobileye commands a market cap of $5.9 billion and qualifies for inclusion in the Renaissance IPO ETF at the market's close on August 8, 2014.

The Renaissance IPO ETF is a portfolio of the largest, most liquid U.S.-listed newly public companies prior to their inclusion in core U.S. equity portfolios. IPOs that pass Renaissance Capital's formulated screening process are weighted by investable market capitalization, capped at 10% and removed after two years.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: News Headlines , IPOs

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