Times continue to toughen for China technology IPOs. BCD Semiconductor Manufacturing Ltd., a Shanghai-based maker of power management chips, has pulled its offering, which aimed to raise up to $66 million.

The news adds ups to a near-miss for a group of U.S.-based venture capitalists. The company's biggest shareholder is Core Asia Capital Ltd., which owns about 23% of BCD, but Venrock Associates owns 7.3%, and New Enterprise Associates owns 7%. 

The time between filing for an IPO and actually trading tends to be remarkably short for Chinese technology companies. The news from BCD shows that the time from filing to withdrawal can be even shorter. It submitted its F-1 to the Securities and Exchange Commission just two weeks ago. Power management chips are a strong growth segment in the semiconductor industry, so its unclear what prompted BCD's quick reversal. -- Olaf de Senerpont Domis

See BCD profile from Renaissance Capital's IPOhome
See BCD's F--1 from SEC.gov
See Jan. 29 post from Tech Confidential