Wednesday, January 12, 2011

BCD Semiconductor prices IPO

As reported by Dan Primack at Fortune: BCD Semiconductor Manufacturing Ltd., a Chinese maker of analog ICs for the Asian electronics industry, has set its IPO terms to six million American depository shares being offered at between $10.50 and $12.50 per share. It plans to trade on the Nasdaq under ticker symbol BCDS, with Jefferies and Stifel Nicolaus Weisel serving as co-lead underwriters. The company reports a $17 million profit on around $101 million in revenue for the first nine months of 2010. Shareholders include Venrock, New Enterprise Associates and JAFCO Asia Technology Fund. The SEC F-1 filing may be found here.

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