Mubadala Offers to Sell $950 Million of GlobalFoundries Shares
- Unit of Abu Dhabi investor offers shares at up to 8% discount
- US chipmaking giant’s IPO raised $2.9 billion in 2021
A wafer manufactured at the Globalfoundries Inc. 7H semiconductor fabrication plant in Singapore.
Photographer: Edwin Koo/BloombergThis article is for subscribers only.
A unit of Mubadala Investment Co. is seeking to raise $950 million in a sale of GlobalFoundries Inc. shares, two years after the chipmaker went public.
The Abu Dhabi investment fund’s subsidiary is offering to sell shares for $50.75 to $52.50 each, according to terms of the deal seen by Bloomberg News. The company intends to buy back $200 million of the shares at the offering price, an earlier statement shows.