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GlobalFoundries Closes IPO at $47 a Share

GlobalFoundries completed its initial public offering of 55 million shares at $47 a share, at the high end of its Oct. 19 range (see 2110190004), said the wafer company Monday. The stock trades on the Nasdaq under the ticker symbol…

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GFS. With the IPO complete, Abu Dhabi investment group Mubadala owns 89.4% of GF’s voting shares.