Sequans Communications has reportedly raised more than $60m from a consortium including corporate venturing units from Motorola Solutions (which owns 1.5 million shares, 5.3%) and Alcatel-Lucent (1.1 million shares, 4%).
Sequans Communications, a France-based provider of fixed and mobile semiconductors, plans to raise $110m at its planned New York flotation.
Sequans posted a $2.7m loss last year on $68.5m in revenue and has investment banks UBS and Jefferies serving as co-lead underwriters of its initial public offering, according to its regulatory filing.
The company has reportedly raised more than $60m from a consortium including corporate venturing units from Motorola Solutions (which owns 1.5 million shares, 5.3%) and…
