Semiconductor equipment provider Nextest Systems files for IPO

Nextest Systems, a supplier of automated test equipment for semiconductor manufacturers, assembly and test providers, and wafer fabrication foundries, registered for an initial public offering Friday evening. For the twelve-month period ended September 2005, the company generated $51 million in revenue with a gross margin of 47.7%. Merrill Lynch, Needham and SG Cowen will underwrite the deal. Terms and timing have yet to be announced.