Mobileye (MBLY) Stock Continues Rise After Record IPO

NEW YORK (TheStreet) -- Mobileye  (MBLY) continued to surge Monday after the company's $890 million IPO last week that set a record for an Israeli company going public in the U.S.

Mobileye, which makes software to help prevent and avoid car accidents, raised the money amid the worst global stock-market selloff in five months, according to Bloomberg. The company priced its offering of 35.6 million shares at $25 apiece, above the expected range of $21 to $23.

The stock was up 7.38% to $39.73 at 11:19 a.m. Mobileye hit a new high of $41.50 in Monday trading.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

MBLY Price Chart MBLY Price data by YCharts

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

More from Markets

To Win at Trade the U.S. Must Act and Behave Like China

To Win at Trade the U.S. Must Act and Behave Like China

Dow Rises Sharply as U.S.-China Trade Tensions Thaw

Dow Rises Sharply as U.S.-China Trade Tensions Thaw

Video: Jim Cramer on Tariffs, the Market Rally, Caterpillar and Micron

Video: Jim Cramer on Tariffs, the Market Rally, Caterpillar and Micron

Apple Shares Gain as U.S. and China Call Off Trade War, For Now

Apple Shares Gain as U.S. and China Call Off Trade War, For Now

GE Confirms $11.1 Billion Transportation Merger With Wabtec

GE Confirms $11.1 Billion Transportation Merger With Wabtec