GlobalFoundries Taps Morgan Stanley for Jumbo IPO

  • U.S. chipmaker could be worth about $30 billion in IPO
  • Company is among largest contract chip manufacturers
Photographer: Lauryn Ishak/Bloomberg
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GlobalFoundries is working with Morgan Stanley on an initial public offering that could value the chipmaker at about $30 billion, according to a person familiar with the matter.

No final decision has been made and the company’s plans could change, said the person, who asked to not be identified because the matter isn’t public.

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GlobalFoundries Taps Morgan Stanley for Jumbo IPO