Shares of Intel’s self-driving unit rose to US$28.97 on the Nasdaq Wednesday. The company raised US$861 million from its initial public offering and sold 41 million shares at US$21 apiece. (The Logic)
Skip to content
Shares of Intel’s self-driving unit rose to US$28.97 on the Nasdaq Wednesday. The company raised US$861 million from its initial public offering and sold 41 million shares at US$21 apiece. (The Logic)
Talking point: The Intel spinout braved the public markets despite one of the worst years for U.S. tech IPOs, which have sunk to record lows since the 2008 financial crisis. Tech IPO volumes fell 90 per cent in the first nine months of this year compared to 2021. Meanwhile, shares in both Microsoft and Google parent company Alphabet plunged Wednesday after the companies released disappointing third-quarter earnings reports a day earlier, erasing about US$278 billion in combined market value.
Loading...
Thanks for sharing!
You have shared 5 articles this month and reached the maximum amount of shares available.
CloseThis account has reached its share limit.
If you would like to purchase a sharing license please contact The Logic support at [email protected].
CloseGift the full article!
You have gifted 0 article(s) this month and have 5 remaining.
Recipients will be able to read the full text of the article after submitting their email address. They will not have access to other articles or subscriber benefits.
Most Popular This Week
In-depth, agenda-setting reporting
Great journalism delivered straight to your inbox.
The Big Read
Inside Bell’s all-Canadian plan to power the country’s AI future
Briefing
Sleep Country plots U.S. expansion after winning bid to buy hundreds of Sleep Number stores
Horizon Aircraft sells 5 vertical takeoff planes to Australia’s V-Star, with more on order
Bombardier shares hit highest level in 24 years after deal with Saudi firm
Best business newsletter in Canada
Get up to speed in minutes with insights and analysis on the most important stories of the day, every weekday.
Exclusive events
See the bigger picture with reporters and industry experts in subscriber-exclusive events.
Membership in The Logic Council
Membership provides access to our popular Slack channel, participation in subscriber surveys and invitations to exclusive events with our journalists and special guests.
