GloFo IPOs and raises $2.6bn

Globalfoundries IPO’d on  the Nasdaq yesterday, raising $2.6 billion. Its shares begin trading today under the symbol GFS. GloFo and main shareholder Mubadala sold 55 million shares for $47 each – which was at the top of the offered range. Mubadala will control more than 89% of the company’s shares after the IPO. GloFo had ...

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