GlobalFoundries announced the launch of a secondary public offering of $950M of its ordinary shares. All of the shares in the offering are being offered by Mubadala Technology Investment Company. GlobalFoundries is not selling any ordinary shares in the offering and will not receive any proceeds from the sale of the shares being offered by the selling shareholder.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GFS:
- GlobalFoundries Announces Launch of $950 Million Secondary Offering of Ordinary Shares, Including Concurrent $200 Million Share Repurchase
- GlobalFoundries partners with Micron, U.S. National Science Foundation
- GlobalFoundries Partners with Micron and U.S. National Science Foundation to Drive Semiconductor Workforce Development at Minority Serving Institutions
- GlobalFoundries assumed with a Buy at Jefferies
- GlobalFoundries price target raised to $50 from $48 at Susquehanna