Funds managed by BlackRock Inc, Columbia Management Investment Advisers, Fidelity Management, an affiliate of Koch Industries Inc and Qualcomm Inc have indicated interest to buy a combined about US$1.05 billion of the shares in the offering as cornerstone investors, the filing showed.
Chipmaker GlobalFoundries Inc. and major shareholder Mubadala Investment Co. plan to raise as much as US$2.6 billion ($3.5 billion) in a US initial public offering.
The company is marketing 33 million shares while Abu Dhabi’s Mubadala plans to sell 22 million shares, according to a filing with the US Securities and Exchange Commission on Tuesday. The shares are being offered at US$42 to US$47 each, the filing showed. At the top of that range, GlobalFoundries would have a market value of US$25 billion based on the outstanding shares listed in its filing.
