The Israeli tech start up that had a stellar IPO topped CNBC’s Jim Cramer’s list of the top IPOs so far this year. Alibaba, which was the game changing IPO that debuted last Friday finished a mere third on the list after GoPro. Cramer’s reason for not making Alibaba number one was its rich valuation, but he thinks Mobileye is still cheap at these levels. MobilEye is the only pure play for advanced driver assistance systems. The company has 80% market share and is far ahead of the competition. It has 50% revenue growth and 60% operating margins. MobilEye has risen 92% since its IPO and with its recent pullback, may be a buy at these levels.
