Nexx Systems Gives IPO Price Range

4/7/10

Nexx Systems, a Billerica, MA-based maker of advanced equipment that packages semiconductors for smartphones, has proposed a price range of $5.20 to $7 per share for its planned initial public offering, according to an SEC filing dated April 6. The company, which plans to list its shares on the Toronto Stock Exchange under the symbol “NXS,” says the IPO could bring in as much as $42 million. The firm’s top shareholders are La Jolla, CA-based Enterprise Associates (35.7 percent), Sigma Partners, of Menlo Park, CA (29.4 percent), the company’s chairman, Richard Post (15.4 percent), and the firm’s CEO, Thomas Walsh (3.5 percent).

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