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