Deals
GlobalFoundries, Mubadala Raise $2.6 Billion in U.S. IPO
- Chipmaker’s shares price at top of $42-$47 marketed range
- Mubadala’s portion of share sale increased from earlier plan
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GlobalFoundries Inc. and major shareholder Mubadala Investment Co. raised almost $2.6 billion in an initial public offering, pricing the chipmaker’s shares at the top of a marketed range.
The company and Mubadala sold 55 million shares Wednesday for $47 each after marketing them for $42 to $47, according to a statement confirming an earlier report by Bloomberg News.