Shares of Mobileye, a company specializing in assisted driving, rose 8% after Deutsche Bank began covering the stock with a buy rating.

A year ago, investors were very optimistic about the potential of automotive technologies such as automated driving.

The slowdown in the US initial public offering market is opening up opportunities for deals known on Wall Street as corporate carve-outs.

This year, Intel's spinoff of Mobileye was the only noteworthy tech offering in the United States.