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Mubadala Discusses GlobalFoundries IPO at $20 Billion Value

  • Abu Dhabi firm starts preparations for listing of chipmaker
  • Sovereign fund holds initial talks with potential advisers
Employees walk through the GlobalFoundries semiconductor manufacturing facility in Malta, New York.

Employees walk through the GlobalFoundries semiconductor manufacturing facility in Malta, New York.

Photographer: Adam Glanzman/Bloomberg
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Abu Dhabi’s Mubadala Investment Co. has started preparations for a U.S. initial public offering of chipmaker GlobalFoundries, people with knowledge of the matter said.