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Shearman & Sterling guided China's largest chip maker, Semiconductor Manufacturing International Corp., through an IPO that raised $1.8 billion last week. The share offer is reportedly the third largest in the world this year. "A lot of capital market transactions in Asia, in China in particular, have been privatizations. This is sort of the next step of a private company � moving away from the state-owned enterprise-type model,� said partner James Bucher, who led Shearman's team with partner Carmen Chang.
March 18, 2004 at 12:00 AM
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