Sequans Communications S.A.

Canaccord Genuity is pleased to announce that on September 20, 2016, it completed the US$25 million public offering of American Depository Shares (ADSs) for Sequans Communications S.A. (NYSE: SQNS), representing 15,151,520 ordinary shares at a price of US$1.65 per ADS, under an effective shelf registration statement.  Sequans has also granted Canaccord Genuity a 30-day option to acquire an additional 2,272,728 ADSs to cover overallotments, if any, in connection with the offering.  Canaccord Genuity acted as the sole book-running manager of the offering.  Sequans expects to use the net proceeds from the offering for general corporate purposes.

Sequans is a leading provider of single-mode 4G LTE wireless semiconductor solutions for Internet of Things (“IoT”) and a wide range of broadband data devices. Founded in 2003, Sequans has developed and delivered seven generations of 4G technology and its chips are certified and shipping in 4G networks around the world. Today, Sequans offers two LTE product lines: StreamliteLTE™, optimized for IoT and M2M devices and StreamrichLTE™, optimized for feature-rich mobile computing and home and portable router devices. The Company is based in Paris, France with additional offices in the United States, United Kingdom, Israel, Hong Kong, Singapore, Taiwan, South Korea, and China. 

The Canaccord Genuity team included Jason Partenza and Jon Barry from Technology Investment Banking and Jennifer Pardi, Brian O’Connor and Michael Wright from U.S. Equity Capital Markets.  David Istock (San Francisco) and Philippe Lacaille (Paris) have also supported the relationship.