Clipperton Finance acts as co-advisor to Sequans with respect to the participation of Bpifrance in its recent public offering of American Depositary Shares.
Sequans Communications is a 4G chipmaker providing LTE and WiMAX chips to leading OEMs and ODMs worldwide. BPIfrance participated in the transaction, investing $8.6 million through its newly created Large Venture Fund.
Sequans Communications’ chips enable 4G connectivity for a broad range of data devices, including consumer electronics, home and portable routers, and machine-to-machine devices. Leveraging extensive R&D capacities and expertise, Sequans Communications achieves a strong technological edge on the LTE market with differentiated solutions and products. Recently announced design wins with major manufacturers validate Sequans’ strategy and are expected to introduce a significant revenue ramp for the company beginning in 2014.
