An initial public offering (IPO) of shares in the company would then be an option Mike Noonen, executive vice president of worldwide marketing and sales, told EE Times on the sidelines of the Electronica exhibition, here. However, moving the company to profitability was the first order of business, he said.
An IPO could be used to raise money for Globalfoundries (Milpitas, Calif.) as well providing the means for ATIC to reduce its ownership and get a return on its investment. Much would depend on the detailed construction of an IPO.
Globalfoundries exploring an IPO
Posted on Friday, Nov 16 2012 @ 11:57 CET by Thomas De Maesschalck