Sequans Communications (SQNS) Announces Launch of Public Offering of ADSs
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Sequans Communications S.A. Announces Launch of Public Offering of American Depositary Shares
May 11, 2020 4:08 PM EDTPARIS--(BUSINESS WIRE)-- Sequans Communications S.A. (NYSE: SQNS) (the Company or SQNS), a leading developer and provider of 5G and 4G chips and modules for IoT devices, today announced the launch of an underwritten registered public offering of its American Depositary Shares. Each American Depositary Share represents four ordinary shares of the Company, nominal value 0.02 per share (the ADSs). The Company expects to grant the underwriters a 30-day option to purchase up to an additional 15% of its ADSs sold in the proposed offering. All ADSs to be sold in the proposed offering will be... More
