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Mobileye included in Renaissance IPO ETF


Mobileye, an Israeli developer of camera-based Advanced Driver Assistance Systems (ADAS), has been included in the Renaissance IPO ETF after raising USD890 million in a stock market offering.

At the USD25 offer price, Mobileye commands a market cap of USD5.9 billion.

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

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