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Wireless

Sequans starts share offering to raise money for 5G development

Tuesday 12 May 2020 | 11:05 CET | News
Sequans Communications said it has started an underwritten public offering of American Depositary Shares (ADS). Each of the shares will represent four ordinary shares, with a nominal value of EUR 0.02 per share. There will also be a greenshoe of 15 percent more of the ADS. Any net proceeds coming out of the exercise will be put towards general corporate purposes, which may include 5G product development. That said, the proposed offering is subject to market and other conditions, and may not even happen.

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Categories: Mobile & Wireless
Companies: Sequans
Countries: World
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