Sequans Communications (SQNS) IPO Prices at $10, Below Expected Range
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Sequans Communications S.A. (NYSE: SQNS) announced the pricing of its initial public offering of American Depositary Shares at a price to the public of $10 per ADS, below the expected $11-$13 range. Shares will being trading on the NYSE today under the symbol "SQNS."
UBS Investment Bank and Jefferies & Company, Inc. are acting as the joint bookrunning managers for the offering.
Sequans Communications is a 4G chipmaker, supplying LTE and WiMAX chips to equipment manufacturers and mobile operators worldwide. Founded in 2004 to address the WiMAX market, the Company expanded in early 2009 to address the LTE market. The Company is based in Paris, France with additional offices throughout the world, including the United States, the United Kingdom, Israel, Hong Kong, Singapore, Taiwan, and China.
UBS Investment Bank and Jefferies & Company, Inc. are acting as the joint bookrunning managers for the offering.
Sequans Communications is a 4G chipmaker, supplying LTE and WiMAX chips to equipment manufacturers and mobile operators worldwide. Founded in 2004 to address the WiMAX market, the Company expanded in early 2009 to address the LTE market. The Company is based in Paris, France with additional offices throughout the world, including the United States, the United Kingdom, Israel, Hong Kong, Singapore, Taiwan, and China.
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