GLOBALFOUNDRIES (GFS) Prices 55M Share IPO at $47/sh

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GlobalFoundries Announces Pricing of Initial Public Offering

October 27, 2021 8:22 PM EDT

MALTA, N.Y., Oct. 27, 2021 /PRNewswire/ -- GlobalFoundries® (GF®), a global leader in feature-rich semiconductor manufacturing, today announced the pricing of its initial public offering of 55,000,000 ordinary shares, 30,250,000 of which are being offered by GF and 24,750,000 of which are being offered by GF's existing shareholder, Mubadala Investment Company PJSC, at an initial public offering price of $47.00 per share. In connection with the offering, Mubadala has granted the underwriters a 30-day option to purchase up to an additional 8,250,000 ordinary shares at the public offering price, less underwriting discounts and commissions. The shares are... More