Lightwave Logic Inc (LWLG)

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GlobalFoundries said it has started the initial public offering of 55 million shares.
The semiconductor manufacturer Tuesday said the company is offering 33 million shares, and the rest are being offered by its existing shareholder, Mubadala Investment Company PJSC . The company said it expects the IPO price to be between $42 and $47 a share. It said Mubadala expects to grant underwriters a 30-day option to buy up to an additional 8.25 million shares at the public offering price, less underwriting discounts and commissions.

The company said it has applied to list its shares on the Nasdaq Global Select Market under the ticker GFS.

Write to Dave Sebastian at [e-mail]

(END) Dow Jones Newswires
10-19-21 0707ET
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