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China's SMIC to raise $1.6bn in dual listing

Semiconductor Manufacturing International (SMIC), China's largest chipmaker, will raise $1.6bn (€1.3bn) when it lists in Hong Kong and the US next month in the latest international offering from China's $15bn initial public offering (IPO) pipeline.

Credit Suisse First Boston (CSFB) is sole global coordinator and joint bookrunner with Deutsche Bank.

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