Nexx Systems Sets IPO Price

NEXX Systems Inc., a Billerica, Mass.-based provider of processing equipment for wafer-level packaging applications, said that it plans to price its IPO at between $5.20 and $7 per share. No number of offered shares was listed.

Canaccord Adams and CIBC are serving as co-lead underwriters.

NEXX has raised around $33 million in VC funding, from firms like Sigma Partners and Enterprise Partners Venture Capital.