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GlobalFoundries Inc. reports developments in contract semiconductor manufacturing, including financial results, manufacturing technologies, customer platforms and capital allocation. GF serves automotive, smart mobile devices, IoT, communications infrastructure, AI data-center and other semiconductor markets from a global manufacturing footprint spanning the U.S., Europe and Asia.
Company news includes updates on silicon photonics and co-packaged optics, FDX and AutoPro automotive platforms, embedded non-volatile memory such as eMRAM, share repurchases, dividends, secondary share activity, investor-day strategy and intellectual-property actions tied to its process technologies.
GlobalFoundries (GF) has announced the pricing of its initial public offering (IPO) of 55,000,000 ordinary shares at $47.00 each. Of these, 30,250,000 shares are offered by GF, while 24,750,000 shares are from existing shareholder Mubadala Investment Company. The underwriters have a 30-day option to purchase an additional 8,250,000 shares. Trading on the Nasdaq under the symbol 'GFS' is set to begin on October 28, 2021, with the offering closing on November 1, 2021, subject to standard conditions.
GlobalFoundries (GF) has initiated its initial public offering (IPO) of 55,000,000 ordinary shares, priced between $42.00 and $47.00 per share. Of these shares, 33,000,000 are offered by GF and 22,000,000 by existing shareholder Mubadala Investment Company. Mubadala also plans to grant underwriters an option to buy an additional 8,250,000 shares. GF aims to list on the Nasdaq Global Select Market under the ticker symbol 'GFS'. Major investment banks are involved as book-running managers for the IPO.
GlobalFoundries has filed a registration statement on Form F-1 with the SEC for a proposed initial public offering (IPO) of its ordinary shares. The number of shares and price range are yet to be determined. The company aims to list its shares on the Nasdaq under the ticker symbol GFS. Leading banks such as Morgan Stanley, BofA Securities, and J.P. Morgan are involved as book-running managers. This IPO marks a significant step for GlobalFoundries, a key player in semiconductor manufacturing, enhancing its position in high-growth markets.