GlobalFoundries going public on Nasdaq Thursday

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The NASDAQ stock exchange says GlobalFoundries will launch its initial public offering on Thursday. Its headquarters are in Malta, where it employs 3,000 people.

The chipmaker could price the shares as high as $47.

It could raise nearly $3 billion if it sells 63 million shares.

Earlier this year, GlobalFoundries announced it’s planning to build a second chip fab at its Fab 8 site.