Globalfoundries' IPO could value firm at $20 billion

April 13, 2021 // By Peter Clarke
Globalfoundries' IPO could value firm at $20 billion
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.

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:

www.globalfoundries.com

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