Globalfoundries’ IPO could value firm at $20 billion

Globalfoundries’ IPO could value firm at $20 billion
Business news |
Mubadala Investment Co., the Abu Dhabi sovereign wealth fund that owns Globalfoundries Inc. is preparing a US initial public offering of shares in the foundry, according to Bloomberg.
By Peter Clarke


An IPO of Globalfoundries has been discussed before but the plan of record was for it to take place in 2022. The present global shortage in semiconductor manufacturing, with the prospect of rising prices, may have prompted Mubadala to pull the IPO forward to 2021.

Mubadala has held discussion with potential financial advisers about a listing for Globalfoundries that could value the company at about $20 billion, Bloomberg said quoting unnamed sources.

Related links and articles:

News articles:

Intel to build two wafer fabs, be foundry for Europe

Globalfoundries plans up-front payments to expand manufacturing

Globalfoundries ready for US government co-investment

Volkswagen may claim damages over chip shortages

Opinion: Time for Europe to wake from a 30-year slumber

Linked Articles
eeNews Analog