Orrick Advises Sequans Communications in Underwritten Public Offering of American Depositary Shares

Orrick advised Sequans Communications S.A. in its offering of newly issued American Depositary Shares (ADSs) representing 3,750,000 of its ordinary shares, in an underwritten public offering under an effective shelf registration statement filed with the Securities and Exchange Commission. Canaccord Genuity acted as the sole book-running manager of the offering and B. Riley acted as co-manager. The company also granted to the underwriters a 30-day option to acquire an additional 562,500 ADSs to cover overallotments, if any, in connection with the offering.

Sequans Communications is a leading provider of single-mode 4G LTE wireless semiconductor solutions for Internet of Things and a wide range of broadband data devices.

The cross-border Orrick team advising on this transaction was led by Capital Markets partner Brett Cooper and included Tax partner Grady Bolding, Technology Companies Group partner Ben Cichostepski, Corporate managing associate Stephanie Richards, Corporate senior paralegal Valerie Guillard and Technology Companies Group law clerk Nathaniel Mouyal.