* Jefferies, UBS working on $100 mln Nasdaq IPO -sources
* Quattrone's Qatalyst has equity advisory role -sources
* Alcatel, Motorola, Swisscom, VC firms among backers
* Chips vital to 4G wireless kit such as base stations
By Quentin Webb
LONDON, Nov 19 Sequans Communications, a French
maker of chips used in high-speed wireless networks, has picked
Jefferies JEF.N and UBS UBSN.VX to help it prepare a $100
million Nasdaq listing, people familiar with the matter said.
Sequans has also engaged Frank Quattrone's technology
boutique, Qatalyst Partners, in an "equity advisory" role on the
initial public offering (IPO), the people added.
Paris-based Sequans, which is backed by Alcatel-Lucent SA
ALUA.PA, Motorola Inc MOT.N, Swisscom AG SCMN.VX and
several financial investors, asked banks to pitch for roles on a
New York listing, Reuters reported last month. [ID:nLDE69O25H]
Jefferies, Qatalyst, Sequans and UBS did not immediately
respond to requests for comment.
Sequans was founded in 2004 by Chief Executive Georges
Karam, a former Juniper Networks Inc (JNPR.N) executive. It
initially made chips based on so-called WiMAX technology but
since last year has also worked to the rival "Long-Term
Evolution" (LTE) standard, which is gaining ground.
Companies including Acer Inc (2353.TW), Cisco Systems Inc
(CSCO.O) and Huawei Technologies Co Ltd [HWT.UL] use its chips
in the hubs, known as base stations and subscriber stations,
that underlie fourth-generation (4G) wireless networks.
(Reporting by Quentin Webb; Editing by David Holmes)