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GlobalFoundries IPO: the third-largest in the world.
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GlobalFoundries IPO: the third-largest in the world.

The company and Mubadala sold 55 million shares Wednesday at the top of the $42 to $47 marketed range, raising $2.6 billion.

That made the listing the third biggest on a U.S. exchange this year, topped only by South Korean e-commerce firm Coupang Inc.’s $4.55 billion IPO and Chinese ride-hailing company DiDi Global Inc.’s $4.44 billion raise, according to data compiled by Bloomberg. That doesn’t include blank-check and similar companies.

GlobalFoundries had planned to sell 33 million shares while Abu Dhabi’s Mubadala was to sell 22 million shares, according to its filings with the U.S. Securities and Exchange Commission.. That mix was modified, according to a statement, with the company selling 2.75 million fewer shares than planned and Mubadala making up the difference. Mubadala was to control about 89% of the company’s shares after the IPO.
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