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Needham & Company Reiterates Buy on Sequans Communications (SQNS) Following Equity Offering

Go back to Needham & Company Reiterates Buy on Sequans Communications (SQNS) Following Equity Offering

Sequans Communications S.A. Announces Pricing of Underwritten Public Offering of American Depositary Shares

September 15, 2016 9:02 AM EDT

PARIS--(BUSINESS WIRE)-- Sequans Communications S.A. (NYSE: SQNS), (Sequans, or the Company), a leading provider of single-mode 4G LTE wireless semiconductor solutions for Internet of Things (IoT) and a wide range of broadband data devices, today announced the pricing of an underwritten public offering of American Depositary Shares (ADSs), representing 15,151,520 ordinary shares, at a price of $1.65 per ADS, in an underwritten public offering under an effective shelf registration statement (the Offering) filed with the Securities and Exchange Commission (the SEC). The Company has also granted to the underwriters a 30-day option to acquire an additional 2,272,728... More