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).
Author: Ryan McBride
Ryan is an award-winning business journalist who contributes to our life sciences and technology coverage. He was previously a staff writer for Mass High Tech, a Boston business and technology newspaper, where he and his colleagues won a national business journalism award from the Society of American Business Editors and Writers in 2008. In recent years, he has made regular TV appearances on New England Cable News.
Prior to MHT, Ryan covered the life sciences, technology, and energy sectors for Providence Business News. He graduated with honors from the University of Rhode Island in 2001 with a bachelor’s degree in communications. When he’s not chasing down news, Ryan enjoys mountain biking and skiing in his home state of Vermont.
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