China’s Semiconductor Manufacturing International Corporation’s Initial Public Offering
March 19, 2004
Cleary Gottlieb represented Goldman Sachs Capital Partners and affiliated Goldman private equity funds in the public offering of more than $66 million of stock of China’s Semiconductor Manufacturing International Corporation. This disposition was part of an initial public offering of more than $1.8 billion of SMIC stock on the New York and Hong Kong stock exchanges. This transaction, which closed today, marks the world’s third-largest IPO so far this year.
SMIC is one of the world’s leading semiconductor foundries and the No. 5 maker of made-to-order chips globally. As a foundry, SMIC fabricates semiconductors for customers based on their own or third parties’ integrated circuit designs.