The manufacturer of feature-rich semiconductor, GlobalFoundries (GF) has publicly filed a registration statement on Form F-1 with the US securities and Exchange Commission (SEC) relating to the proposed initial public offering (IPO) of its ordinary shares.
The number of ordinary shares to be offered and the price range for the proposed offering have not yet been determined. GF has applied to list its ordinary shares on the Nasdaq Global Select Market under the ticker symbol ‘GFS’.
Morgan Stanley, BofA Securities, J.P. Morgan, Citigroup and Credit Suisse are acting as active book-running managers for the proposed offering. Deutsche Bank Securities, HSBC and Jefferies are acting as additional book-running managers for the proposed offering. Baird, Cowen, Needham & Company, Raymond James, Wedbush Securities, Drexel Hamilton, Siebert Williams Shank and IMI – Intesa Sanpaolo are acting as co-managers for the proposed offering.
The proposed offering will be made only by means of a prospectus. A registration statement relating to the securities has been filed with the SEC but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective.
