BCD Semiconductor Manufacturing, which is a leading analog chip maker specializing in power management integrated circuits, announced terms for its IPO on Friday. The Shanghai-based company plans to raise $69 million by offering 6 million ADSs at a price range of $10.50-$12.50. At the mid-point of the proposed range, BCD Semiconductor Manufacturing will command a market value of $224 million. BCD Semiconductor Manufacturing, 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 timing was not disclosed.
