“We are thrilled to welcome Sequans Communications to our growing community of technology-based listed companies,” said Duncan Niederauer, CEO, NYSE Euronext. “Sequans is at the forefront of 4G chipmaking, consistently developing innovative solutions for the evolving wireless market.  We look forward to a lasting partnership with the company and its shareholders.” 

 

“We are delighted with  Sequans Communications’ decision to list on the NYSE  and we are pleased to offer a French company optimal visibility and exceptional access to investors from the United-States and around the world, added Ronald Kent, Group Executive Vice President and Head of International Listings at NYSE Euronext. “ Sequans Communications has accessed the most knowledgeable technology investors through its listing with us, and underlines NYSE Euronext’s role as a key channel for financing and developing the technology sector. We look forward to welcoming other innovative French companies to list on the NYSE.”

 

“We are very proud to be listed on the New York Stock Exchange and join ranks with other public companies on the Big Board,” said Georges Karam, Sequans CEO.  “I am also very proud of the global Sequans’ team whose hard work has propelled us to this major milestone.”

 

On Mon., April 18, Sequans CEO Georges Karam, joined by company executives, will visit the NYSE and ring The Opening Bell® to celebrate the IPO.

 

Background:
As of March 31, 2011, NYSE Euronext markets listed 608 technology, media and telecom (TMT) companies with a total combined market capitalization of $4.280 trillion. Notable recent TMT listings in 2011 include Demand Media (DMD); NeoPhotonics (NPTN); IMAX (IMAX); MagnaChip Semiconductor (MX) and Qihoo 360 Technology (QIHU).

 

As of March 31, 2011, NYSE Euronext (NYX) led the U.S. market for Initial Public Offerings (IPOs) and new listings both in total capital raised as well as number of transactions for 2011, with $14.71 billion in IPO proceeds raised on the New York Stock Exchange through a total of 26 IPOS (including funds). 

 

About Sequans Communications (NYSE: SQNS)
Sequans Communications is a 4G chipmaker, supplying LTE and WiMAX chips to equipment manufacturers and mobile operators worldwide. Founded in 2004 to address the WiMAX market where it is now a global leader, Sequans expanded in early 2009 to address the LTE market.  Sequans chips are inside leading WiMAX networks worldwide and will soon be inside LTE networks. Sequans is based in Paris, France with additional offices throughout the world, including USA, United Kingdom, Israel, Hong Kong, Singapore, Taiwan, and China. www.sequans.com. (Source: Sequans Communications)