Sequans will offer 9.17 million American Depositary Shares (ADSs), representing an ordinary share and being sold for $11 to $13 each.
Sequans Communications, a France-based provider of fixed and mobile semiconductors, plans to raise up to $137m at its New York flotation.
Sequans will offer 9.17 million American Depositary Shares (ADSs), representing an ordinary share and being sold for $11 to $13 each.
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…
