Back in April, GlobalFoundries announced that it was going to enter the public stock market in the first half of next year, as well as double the amount of capital expenditures from the current $ 1,4 billion.The money will be required to expand production capacity, and during the IPO, the organizers expect to raise $ 30 billion. Financial advisers have already been hired, sources said.

Considering that GlobalFoundries turned into a private company in 2009 through the sale of AMD’s production assets to the Arab investment company Mubadala Investment, then the IPO will be a return to the public capital market for this component manufacturer, moreover, the American one. According to Bloomberg, GlobalFoundries has hired Morgan Stanley as a financial advisor, and the projected amount of the placement reaches $ 30 billion, although its timing has not yet been specified. Representatives of the company previously stated that the IPO should take place in the first half of next year, but could be postponed to an earlier date.

The market situation is now favorable for GlobalFoundries – there is a shortage of components produced on a contract basis using mature lithographic technologies. To expand production, additional funds are required, and they just can be obtained in the course of a public offering of shares. Having entered the stock market, GlobalFoundries will be forced to report on its financial performance, which has so far been hidden from the general public. Judging by the decision of investors to abandon the development of 7-nm technology, which was even announced in advance, the financing of the business at a certain stage ran into difficulties. What the IPO will change in this regard will become clear as early as next year, if it takes place.