Globalfoundries files for IPO

GlobalFoundries has filed for an initial public offering in the United States. Abu Dhabi-based Mubadala, which owns GlobalFoundries, confirmed on Monday what has been rumored for a while: the contract chip maker is going to be publicly listed – on the Nasdaq – and is looking to raise at least $1bn from the move. The IPO could …

[Snowy]

What a company

It is tough for them in a world where all the others are making massive profits but they work hard and bucked the trend and made a loss.

[eldel]

I'm sure I've seen this mentioned before - but 2 chip factories, which need a huge amount of water, in one of the driest states in the US, during a historic drought which shows no signs of abating any time soon. Using, no doubt, the rapidly shrinking aquifer as a supply. Seriously WTF??

[DS999]

Couldn't ask for a better time

to take a foundry public. Guaranteed to fetch a much better price than they would have got two years ago, or would get two years from now. Its like if Disney spun off Marvel and IPOed it the week after Endgame was released.