PALO ALTO, CA -- Verigy Pte. Ltd., the semiconductor test subsidiary of Agilent Technologies, has filed for an initial public offering. 
     
The filing of an S-1 Registration Statement through the U.S. Securities and Exchange Commission (SEC) moves Agilent a step closer to spinning off its semiconductor test business (including its system-on-chip and memory test solutions) and becoming a pure-play measurement company, as the company announced last August.
     
Following the IPO, Agilent intends to distribute its remaining interest in Verigy to Agilent stockholders by Oct. 31, 2006, the end of Agilent's fiscal year.
     
The number of shares and price range for the offering have not yet been determined.

• Prev
• Next