Mobileye, the self-driving car unit of Intel, set terms for its initial public offering on Tuesday, with plans to begin trading on the Nasdaq stock exchange late next week. The proposed price range of $18 and $20 per share would allow Mobileye to raise up to $820 million with an initial market valuation of around $15.93 billion. This would be considerably lower than the target valuation of $50 billion previously set by its parent company, according to a Monday report by the Wall Street Journal. Mobileye has been working closely with Chinese automaker Geely, enabling the latter’s Zeekr-branded electric vehicles with its advanced driver-assistance systems. [Market Watch]