Paul Hastings Advises Several Selling Shareholders in the IPO of Sequans Communications
May 20, 2011
Paris - Paul Hastings LLP
, a leading international law firm, announced today that it had represented several French selling shareholders of Sequans Communications in connection with that companys IPO and initial listing on the New York Stock Exchange. These selling shareholders, representing approximately 28% of the Company's share capital pre-IPO, are French venture capital funds managed by I-Source Gestion, CDC Entreprises, Amundi Private Equity Funds and Serena Capital.
The shares began trading on the New York Stock Exchange on April 15 and the transaction closed today. UBS Limited and Jefferies & Company, Inc. acted as lead underwriters in the transaction.
The Paul Hastings team was led by Paris-based Corporate Partner
Samia Sellam commented: "We are very proud to have participated in this landmark transaction, which is the first IPO of a French issuer in the US since the adoption of the Sarbanes-Oxley Act in 2002".
Sequans Communications is a worldwide leader in the manufacture of 4G chips, supplying LTE and WiMAX chips to original equipment manufacturers and mobile operators globally. Founded in 2004, Sequans initially specialized in making WiMAX chips, where it is now a global leader. In 2009, Sequans expanded into the LTE market. Sequanss chips are in the worlds leading WiMAX networks throughout the world and will soon be in LTE networks. Sequans is based in Paris, with additional offices throughout the world, including USA, United Kingdom, Israel, Hong Kong, Singapore, and Taiwan.
Paul Hastings is a leading global law firm with offices in Asia, Europe, and the United States. We provide innovative legal solutions to financial institutions and Fortune 500 companies. Please visit www.paulhastings.com for more information.