0
General

GlobalFoundries prices IPO at high end of range

Thursday 28 October 2021 | 08:56 CET | News
GlobalFoundries has priced its initial public offering at USD 47 per share, the high end of its indicated range of USD 42-47. The chip manufacturer is selling a total of 55 million shares, including 30.25 million by GlobalFoundries itself and 24.75 million held by shareholder Mubadala Investment Company. Mubadala has also granted the underwriters a greenshoe of 8.25 million more shares.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Categories: General
Companies: GlobalFoundries
Countries: World
::: add a comment

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

GlobalFoundries IPO to raise up to USD 3 billion

Published 20 Oct 2021 09:52 CET | World
GlobalFoundries has launched an initial public offering of shares, looking to raise up to USD 3 billion. The chip manufacturer is ...

GlobalFoundries, Qualcomm to develop advanced 5G RF front-end products

Published 16 Sep 2021 09:29 CET | World
Semiconductor manufacturer GlobalFoundries (GF) and Qualcomm have agreed to together bring out advanced 5G RF front-end products ...

GlobalFoundries commits to reduction of greenhouse gas emissions by 25% by 2030

Published 20 Aug 2021 15:08 CET | World
Semiconductor manufacturer GlobalFoundries (GF) is aiming to reduce greenhouse gas emissions by 25 percent between 2020 to 2030, ...

GlobalFoundries quietly files for IPO in the US - report

Published 19 Aug 2021 11:39 CET | World
Semiconductor manufacturer GlobalFoundries has quietly filed for a US IPO, the Economic Times of India reported. The IPO could ...

GlobalFoundries to build new chip fab in upstate New York

Published 20 Jul 2021 10:55 CET | United States
Semiconductor manufacturer GlobalFoundries has announced plans to build a new fab on the same campus as its existing Fab 8 ...

Intel in talks to buy GlobalFoundries for USD 30 billion - report

Published 16 Jul 2021 09:02 CET | World
Intel is in talks to buy semiconductor maker GlobalFoundries for about USD 30 billion, the Wall Street Journal reported citing ...

Globalfoundries to build semiconductor manufacturing fab in Singapore, invest USD 4 billion

Published 23 Jun 2021 09:30 CET | Singapore
Semiconductor chip manufacturing Globalfoundries is deploying a semiconductor manufacturing  facility at its Singapore ...

IBM says GlobalFoundries owes USD 2.5 billion in damages for not honouring chip contract

Published 08 Jun 2021 09:34 CET | World
Semiconductor manufacturer GlobalFoundries has asked a judge to give a ruling about its contract with IBM, after being accused by ...

Globalfoundries partners Raytheon to develop 5G wireless chips

Published 20 May 2021 10:08 CET | World
Raytheon Technologies and Globalfoundries will collaborate to make and commercialise a new gallium nitride on silicon (GaN-on-Si) ...