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.

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MBLY Price Chart MBLY Price data by YCharts

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