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China's BCD Semiconductor Manufacturing refiles for IPO

January 5, 2011

BCD Semiconductor Manufacturing, a leading analog chip maker specializing in power management integrated circuits, filed on Wednesday with the SEC to raise up to $86 million in an initial public offering. The Shanghai-based company, which was founded in 2000 and booked $129 million in sales for the 12 months ended September 30, plans to list on the NASDAQ under the symbol BCDS. Jefferies & Co. and Stifel Nicolaus Weisel are the lead underwriters on the deal, for which pricing terms and timing were not disclosed. The semiconductor company had previously attempted to go public in 2008 before postponing the deal, citing difficult market conditions. It had planned to offer 6 million ADSs at an expected range of $9-$11.