Shearman & Sterling's Hong Kong office advised the underwriters, led by Credit Suisse First Boston and Morgan Stanley, in the US$455 million initial public offering and New York Stock Exchange listing of the American depository shares, representing the ordinary shares of Suntech Power Holdings Co., Ltd., a China-based solar energy company.  This offering was the only New York Stock Exchange listing of China-based companies in 2005.

Suntech Power is the world's tenth largest manufacturer of photovoltaic solar cells and modules as measured by production output in 2004, and is the leading company in its field in China.  Its products are used in residential, commercial, industrial, and public utility applications, for both on-grid electricity generation and off-grid use, such as stand-alone lighting for street lamps, garden lamps, telecommunications relay stations, and mobile phone networks.  

Attorneys included partners Leiming Chen (HK-CM) and Larry Crouch (MP-TX), counsel Charles Gittleman (NY-CM), associates Damien Grierson (NY-CM), Steve Kim (MP-CM), Eileen O'Pray (MP-TX), Russell Sacks (NY-CM), Megan Tang (HK-CM), Vivian Wong (HK-CM) and Alan Yeung (HK-CM).