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GlobalFoundries Priced, Nasdaq: GFS

Global semiconductor designer and foundry based in the US.

Industry: Technology

Latest Trade: $42.20 +0.54 (+1.3%)

First Day Return: -1.3%

Return from IPO: -11.4%

Industry: Technology

We are one of the world’s leading semiconductor foundries. We manufacture complex, feature-rich integrated circuits (“ICs”) that enable billions of electronic devices that are pervasive throughout nearly every sector of the global economy. With our specialized foundry manufacturing processes, a library consisting of thousands of qualified circuit-building block designs (known as intellectual property (“IP”) titles or IP blocks), and differentiated transistor and device technology, we serve a broad range of customers, including the global leaders in IC design, and provide optimized solutions for the function, performance and power requirements of critical applications driving key secular growth end markets. As the only scaled pure-play foundry with a global footprint that is not based in China or Taiwan, we help customers mitigate geopolitical risk and provide greater supply chain certainty. We define a scaled pure-play foundry as a company that focuses on producing ICs for other companies, rather than those of its own design, with more than $2 billion of annual foundry revenue.
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IPO Data
IPO File Date 10/04/2021
Offer Price $47.00
Price Range $42.00 - $47.00
Offer Shares (mm) 55.0
Deal Size ($mm) $2,585
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 10/27/2021
Offer Price $47.00
Price Range $42.00 - $47.00
Offer Shares (mm) 55.0
Deal Size ($mm) $2,585
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Morgan Stanley
BofA Securities
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Company Data
Headquarters Malta, NY, United States
Founded 2008
Employees at IPO 15,000
Website www.gf.com

GlobalFoundries (GFS) Performance