a screen displays the company logo for semiconductor and chipmaker globalfoundries inc during the companys ipo at the nasdaq marketsite in times square in new york city us october 28 2021 reutersbrendan mcdermid oct 28 reuters  shares of globalfoundries inc gfso which is owned by abu dhabis sovereign wealth fund mubadala investment co opened flat on nasdaq on thursday giving the chipmaker a market capitalization of about 26 billion globalfoundries priced its ipo which is the third largest in the united states so far this year at 47 a share only south korean ecommerce giant coupang and ride hailing company didi global have had larger stock market floats this year globalfoundries which disclosed a 13 revenue growth for the six months ended june 30 has benefited from surging demand for chips due to a global shortage that has forced automakers and other electronics firms to cut production moreover the ipo market in the us has never been stronger numerous other big names such as coinbase global inc coino robinhood markets inc hoodo and gaming platform roblox have already gone public this year electricvehicle maker rivian is also expected to list its shares in the coming weeks us ipos have raised an alltime record of over 250 billion so far this year according to data from dealogic reporting by niket nishant in bengaluru editing by shounak dasgupta