GlobalFoundries is one of the leading semiconductor manufacturing companies and has been planning an initial public offering (IPO) for some time.according to Reuters latest reports, GlobalFoundries has completed its IPO confidentiality, and may value GlobalFoundries at approximately US$25 billion.
Last month, we reported on Intel acquires chip maker And incorporate it into its business. At the same time, GlobalFoundries has planned to conduct an IPO in a longer period of time, and it seems that it will not accept the so-called Intel offer, because GlobalFoundries hopes to remain in the hands of existing owners.
GlobalFoundries was founded by AMD’s manufacturing department and later sold to Mubadala Investment Company from Abu Dhabi. The investment company has a close relationship with Crown Prince Mohammed bin Zayed of Abu Dhabi, which means that the global semiconductor foundry lineup is located in the UAE.
Today’s report points out that GlobalFoundries has secretly applied for an IPO. The emirate-owned silicon giant is cooperating with Morgan Stanley, Bank of America, JPMorgan Chase, Citigroup, and Credit Suisse to prepare all the paperwork and documents required to go public.
In Intel’s alleged acquisition offer for GlobalFoundries, it is reported that the acquisition value is equivalent to 30 billion U.S. dollars. However, GlobalFoundries’ pre-IPO transaction valuation appears to be $25 billion, which is close to the initial offer. This means that the IPO will make GlobalFoundries’ management feel at ease about the company’s value and provide it with new options brought about by public transactions.
The specific date of GF listing is not yet known, but it is expected that the company will announce its IPO in October, and public trading is expected to begin at the end of this year. In the final analysis, it all depends on the ability of the US Securities and Exchange Commission (SEC) to process the paperwork submitted by GF and the assumption that there are no file problems.