GlobalFoundries Stock Sale Receives Four Times Oversubscription

LootboxPhobia · 2026-03-12T20:28:37+00:00

Mubadala Investment Company's subsidiary recently sold GlobalFoundries shares worth $840 million, attracting four times the subscription demand. The offering was priced at $42.00 per share, with anchor investors subscribing for 70% of the shares, and GlobalFoundries will repurchase $300 million of stock. Multiple leading banks participated in the offering.

LootboxPhobia

2026-03-12 20:28:37

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Investing.com – According to Bloomberg on Thursday, a subsidiary of Mubadala Investment Company sold $840 million worth of GlobalFoundries Inc. stock overnight, attracting subscription demand four times the issuance size.

Reportedly, the chip manufacturer’s stock offering attracted strong demand primarily from long-only investors.

In this issuance, the top 10 investors subscribed to nearly 70% of the shares. The top 25 investors subscribed to about 90% of the shares.

GlobalFoundries announced overnight that it completed a secondary public offering of 20 million common shares at $42.00 per share. The semiconductor manufacturer will also repurchase $300 million worth of stock in this offering.

Mubadala Technology Investment Company, a wholly owned subsidiary of Mubadala Investment Company PJSC, the largest shareholder of GlobalFoundries, is selling all its shares in this offering.

Banks involved in the issuance include JPMorgan Chase & Co., Morgan Stanley, Bank of America Corp., Citigroup Inc., Goldman Sachs Group Inc., BNP Paribas SA, Evercore Inc., and UBS Group AG.

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