GLOBALFOUNDRIES Inc.

GLOBALFOUNDRIES Inc. (GFS) priced its initial public offering on Oct 29, 2021 at $47.00 per share, and listed on Nasdaq. At the IPO price its market capitalization was about $25B. Cleary Gottlieb and Maples and Calder advised the company and Latham & Watkins advised the underwriters.

GlobalFoundries Inc. is a semiconductor foundry that manufactures integrated circuits for electronic devices used across the global economy. It offers specialized manufacturing processes, a library of circuit-building block designs and device technology to customers including major chip designers.

Status

IPO

Ticker

GFS

Exchange

Nasdaq

Priced

Oct 29, 2021

IPO price

$47.00

Market cap at IPO price

$25B

First filed

Oct 4, 2021

Company counsel

Cleary Gottlieb and Maples and Calder

Underwriters' counsel

Latham & Watkins

Sector

Technology

Country / state

NY

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.