Chipmaker GlobalFoundries prices IPO at upper end to raise $2.6 billion -sources - NewsBreak

Oct 27 (Reuters) - Chipmaker GlobalFoundries Inc on Wednesday sold shares in its initial public offering at $47 a piece, at the higher end of its targeted price range, to raise about $2.6 billion, people familiar with the matter said. The IPO gives GlobalFoundries a valuation of about $26 billion,...