GlobalFoundries IPO: How to buy this semiconductor maker’s stock?

3 min read | August 23, 2021 06:31 AM EDT | By Raza Naqvi

GlobalFoundries IPO: How to buy this semiconductor maker’s stock? — Image source: Maks_Lab, Shutterstock.com

GlobalFoundries IPO plans

Owned by Mubadala Investment Co. of the Abu Dhabi government, GlobalFoundries was formed after a spin-off from Advanced Micro Devices (AMD) in 2009. The company might be looking for an IPO to raise money from gross proceeds and expand its manufacturing capacity amid a worldwide shortage of semiconductors.

In July this year, GlobalFoundries said it would make an investment of US$ 1 billion toward expanding the manufacturing capacity at their New York facility to address the processor shortages.

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To prepare for the initial public offering, GlobalFoundries is reportedly in touch with Morgan Stanley, JPMorgan Chase & Co, and Credit Suisse Group AG among others with regards to the underwriting responsibility for the public debut.

What's next for GlobalFoundries?

The company seems to have the potential to expand its revenues as GlobalFoundries is also a manufacturer of radio-frequency communications chips for 5G, the new global wireless standard. It has a presence in over three continents and serves over 200 global customers.

GlobalFoundries also makes specialized semiconductors and chips for the automotive industry. It has emerged as one of the leading semiconductor companies and caters to the needs of companies like Intel and AMD who outsource parts of their chip production.

Bottom line

The public debut will depend on how soon the US SEC can process the application. To buy the stock of GlobalFoundries, retail investors will have to either wait for the IPO or get in touch with a stockbroker to buy the pre-IPO shares.

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Alternatively, some brokerage companies also offer pre-IPO shares through their trading platforms. An investor can research before selecting the trading platform and have a go at getting the pre-IPO shares.

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