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General

GlobalFoundries IPO to raise up to USD 3 billion

Wednesday 20 October 2021 | 09:52 CET | News
GlobalFoundries has launched an initial public offering of shares, looking to raise up to USD 3 billion. The chip manufacturer is selling 55 million shares, including 33 million new shares and 22 million held by its shareholder Mubadala Investment Company. The price range has been set at USD 42 to 47 per share, and another 8.25 million shares will be sold if demand is strong.

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Categories: General
Companies: GlobalFoundries
Countries: World
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