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

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

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

September 19, 2016 7:56 AM EDT

Needham & Company reiterated a Buy rating and $3.00 price target on Sequans Communications (NYSE: SQNS) following the company's follow-on offering of primary ADSs. Sequans expects to receive net proceeds of $22.9MM, and intends to use the proceeds from the offering for general corporate purposes.

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