Sequans raises $26 million in their public offering

Clipperton Finance acts as co-advisor to Sequans with respect to the participation of Bpifrance in its recent public offering of American Depositary Shares.

Sequans Communications is a 4G chipmaker providing LTE and WiMAX chips to leading OEMs and ODMs worldwide. BPIfrance participated in the transaction, investing $8.6 million through its newly created Large Venture Fund.


raises $26 million led by

New Hardware & Telecom

Press release (extract)

Sequans Communications’ chips enable 4G connectivity for a broad range of data devices, including consumer electronics, home and portable routers, and machine-to-machine devices. Leveraging extensive R&D capacities and expertise, Sequans Communications achieves a strong technological edge on the LTE market with differentiated solutions and products. Recently announced design wins with major manufacturers validate Sequans’ strategy and are expected to introduce a significant revenue ramp for the company beginning in 2014. READ FULL PR

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