Intel Corp’s (INTC.O) self-driving unit Mobileye on Friday unveiled its filing for a U.S. initial public offering, testing support for a high profile stock debut even as the market for new issues has virtually collapsed.

The tech IPO market globally is in the middle of its worst drought in nearly two decades. U.S. listings have raised a little over $7 billion so far this year, according to data from Dealogic. Last year traditional IPOs, excluding special purpose acquisition companies, had raised a record $154 billion.

Mobileye’s IPO, coming on the heels of Porsche’s blockbuster debut in Europe, could, however, be an early sign of improving investor sentiment.

If Mobileye’s debut is received well, it may embolden other big names such as Instacart, Reddit and ServiceTitan, which postponed their IPOs earlier this year until the market improves.