Saturday August 15, 2020

Movidius considered IPO before €355 million sale to Intel

Board spent time debating whether to sell company or float it

11th September, 2016
Sean Mitchell and David Molone

Movidius, the Irish technology company bought by Intel last week in a €355 million deal, had been close to pursuing a stock exchange float before Intel made an offer, the head of one of its core investors said.

Brian Long, the founder of venture firm Atlantic Bridge, which led much of the investment in Movidius, said the board of Movidius had spent time debating whether to sell the company or float it on the public...

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