GlobalFoundries is scheduled to price its IPO on Oct. 27, with trading beginning the next day, a person familiar with the situation said. The prospectus lists 16 investment banks as working on the offering; Morgan Stanley , BofA Securities, and JP Morgan are lead underwriters.

Is GlobalFoundries profitable?

GlobalFoundries reported sales of $4.85 billion and a loss of $1.35 billion in 2020, compared with revenue of $5.81 billion and a loss of $1.37 billion in 2019, but that was an improvement from revenue of $6.2 billion and a loss of $2.77 billion in 2018.

Who owns GlobalFoundries?

Oct 19 (Reuters) - Chipmaker GlobalFoundries, owned by Abu Dhabi's sovereign wealth fund Mubadala Investment Co, is aiming for a valuation of about $25 billion in its initial public offering in the United States.