Initial Public Offering
Baird served as a co-manager in this offering.
AboutSequans Communications S.A. (“Sequans” or the “Company”) (NYSE: SQNS) recently completed an initial public offering of 7,700,000 American Depositary Shares (“ADS”) at a price of $10.00 per ADS, generating gross proceeds of $77.0 million. The Company’s market capitalization post-offering is approximately $345.2 million. Sequans intends to use the net proceeds from the offering for general corporate purposes.
Sequans is a leading fabless designer, developer and supplier of 4G semiconductor solutions for wireless broadband applications. The Company’s solutions support the two commonly accepted wireless broadband 4G protocols, WiMAX and Long-Term Evolution (LTE), and deliver desired system attributes, such as high throughput, low latency, strong signal reach, low power consumption, and high reliability. Sequans’ technology serves as the core wireless broadband communications platform in a wide range of devices, including smartphones; USB dongles; portable routers; embedded wireless modems; consumer premises equipment; and basestations. Sequans' semiconductor solutions have been deployed by 7 of the 10 largest 4G/WiMAX carriers globally and incorporated into a wide variety of consumer devices, including the highly successful HTC EVO 4G, the first mass-market 4G smartphone, and the HTC EVO Shift smartphone. In addition, the Company’s solutions will be incorporated in KDDI’s HTC EVO WiMAX smartphone in Japan and Sprint’s HTC EVO View 4G 7” tablet computer and HTC EVO 3D smartphone. The Company’s solutions are incorporated into devices sold globally by many leading original equipment and design manufacturers, including HTC, Huawei, MitraStar Technology (a spin-off of Zyxel), Gemtek, Sagemcom, Teltonika, Accton Wireless Broadband and ZTE.
For additional information about this transaction, please contact:
- April 2011
- Sequans Communications S.A.
- Technology & Services
- Target Location
- North America
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