INTC Mobileye Intel's self-driving-car unit IPO

The chipmaker said it would be taking public its Mobileye self-driving-car unit.

The initial public offering of Mobileye in the U.S. is planned for the middle of next year.

The move could value Mobileye at more than $50 billion, Intel being the biggest shareholder.

My short term price target is the 59usd resistance.

Looking forward to read your opinion about it.