Sequans Communications files for IPO

Paris-headquartered 4G chipmaker - supplying LTE and WiMAX chips - Sequans Communications S.A. has filed with the SEC to raise up to USD 110 million in an initial public offering. The company plans to list on the New York Stock Exchange under the symbol SQNS. Georges Karam, CEO, and a team of broadband experts from Alcatel and Pacific Broadband founded Sequans to address the WiMAX market. The team comprises expertise in wireless, systems, silicon, software, complex ASIC design, advanced signal processing, MAC protocol, scheduling algorithms, RFIC, and MIMO.