Initial Public Offering
Baird served as a co-manager in this offering.
AboutBCD Semiconductor Manufacturing Limited (“BCD” or the “Company”) (NasdaqGM: BCDS) recently completed an initial public offering of 6,000,000 American Depositary Shares (“ADS”) at $10.50 per ADS, generating gross proceeds of $63.0 million. The Company’s market capitalization post-offering is approximately $205.2 million. BCD intends to use the net proceeds to finance the construction of its second wafer fabrication facility and repay certain short-term loans, in addition to working capital and other general corporate purposes.
BCD is a leading China-based provider of analog integrated circuits, or ICs, specializing in the design, manufacture and sale of a broad range of power management semiconductors to the large, expanding Asian electronics industry. The Company focuses on high-volume growth segments in the computing, consumer and communications markets, such as personal computers, flat panel televisions and monitors, mobile phone chargers and a wide variety of consumer and portable electronic devices. BCD currently offers a diversified and expanding portfolio of over 300 products, including linear, AC/DC and DC/DC power management ICs. These products are designed to enable its end customers to reduce power consumption, extend battery life, maintain system stability and decrease the form factor of their devices. The Company’s products have been incorporated into electronic systems sold by over 2,000 Asian OEMs and ODMs including ASUSTeK Computer, Emerson Electric, Foxconn Electronics and LG Electronics, among others. With in-house design and manufacturing capabilities in China, BCD combines its analog semiconductor expertise, proprietary process technologies, cost-effective manufacturing and operating infrastructure, and local sales and support to improve the quality and performance of its products, lower its costs and accelerate the Company’s time-to-market.
For additional information about this transaction, please contact:
- January 2011
- BCD Semiconductor Manufacturing Limited
- Technology & Services
- Target Location
BGRS, a subsidiary of Relo, combination with SIRVA, a portfolio company of MDP
BHI, a portfolio company of AEI, acquisition by Westinghouse, a portfolio company of Brookfield