Sequans Communications S.A., a fabless supplier of 4G semiconductor solutions for wireless broadband applications, filed on Tuesday with the SEC to raise up to $110 million in an initial public offering. The Paris, France-based company, which was founded in 2003 and booked $69 million in sales last year, plans to list on the NYSE under the symbol SQNS. UBS Investment Bank and Jefferies & Co. are the lead underwriters on the deal. No pricing terms were disclosed.
