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Chipmaker Global Foundries is listed on NASDAQ

2021-11-04
Latest company news about Chipmaker Global Foundries is listed on NASDAQ

Global Organosilicon Network News,

 

Chipmaker Global Foundries inc. priced its initial public offering at $47 per share, at the top of its target range, and will raise about $2.6 billion.

The IPO values GMC at about $26bn, making it one of the biggest IPOS in the US this year.

 

The company, which is majority-owned by Mubadala Investment, ABU Dhabi's sovereign wealth fund, sold 22 million shares in the IPO. The company debuted on Nasdaq on Thursday, Oct. 28, closing down 1.28% at $4.64 billion, giving it a market capitalization of $24.809 billion.