Abstract: GF, the world's third-largest foundry, is expected to land on US stocks this Thursday (October 28). The stock issue price is set at 42 to 47 US dollars, and the valuation is around 24.6 billion US dollars. The company plans to raise 2.4 billion US dollars, and cornerstone investors such as BlackRock and Fidelity plan to subscribe for 1.05 billion US dollars. Additionally, the company also plans to raise an additional $75 million through a private placement with Silver Lake Capital (Silver Lake).
GF will be listed on the US stock market on Thursday, with an issue price of 42 to 47 US dollars
On October 19, Global Foundries (Global Foundries) announced plans to issue 55 million shares at a price of 42 to 47 US dollars on October 28 to raise 2.4 billion US dollars. At the midpoint of the proposed range, GF's market capitalization would reach $24.6 billion.
Cornerstone investors BlackRock, Columbia Management Investment Advisers (Columbia Management Investment Advisers), Fidelity (Fidelity), Koch Industries (Koch Industries), and Qualcomm intend to buy shares worth 1.05 billion dollars (43% of the transaction) in this offering. The company also plans to raise an additional $75 million through a private placement with Silver Lake Capital (Silver Lake).
Notably, on October 4, 2021, GlobalFoundries (GlobalFoundries)...