China's SMIC mandates HK/NY flotation

Following bake-offs in San Francisco just over a week ago, Semiconductor Manufacturing International Corp (SMIC) has mandated two bookrunners for its Hong Kong and New York Stock Exchange listing. The foundry manufacturer has appointed Credit Suisse First Boston and Deutsche Bank for two of the slots and may yet appoint a third bookrunner from a shortlist, which is said to comprise: Bear Stearns, Citigroup, JPMorgan, Merrill Lynch and UBS.