GlobalFoundries Announces Commencement Of IPO - Quick Facts

GlobalFoundries announced the commencement of initial public offering of 55 million ordinary shares, 33 million of which are being offered by the company and 22 million of which are being offered by its existing shareholder, Mubadala Investment Company PJSC. The initial public offering price is currently expected to be between $42.00 and $47.00 per share.

The company has applied to list its ordinary shares on the Nasdaq Global Select Market under the ticker symbol, GFS.

GlobalFoundries Inc., a semiconductor manufacturer, provides a broad range of feature-rich process technology solutions.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Meta Platforms Inc., the parent of Facebook, Instagram, and WhatsApp, said it is launching more options on WhatsApp to control their messages and how long they stick around, with default disappearing messages and multiple durations. The latest features are expected to bring more control and privacy on the popular messaging app. Delivery services company DoorDash has introduced ultra-fast grocery deliveries with DashMart in Chelsea, New York City. The company said it aims to deliver in 10-15 minutes and plans to expand its new service in select DoorDash grocery and convenience partners over the next year. With over 2,000 items, DashMart offers a wide assortment of fresh and frozen grocery staples, snacks, household goods, and local products. Ontario, Canada-based Erie Meat Products Ltd. is recalling approximately 1,224 pounds of fully cooked chicken bologna products, according to the U.S. Department of Agriculture's Food Safety and Inspection Service or FSIS. The chicken bologna products were imported and distributed into the United States without the benefit of FSIS import reinspection.
Follow RTT