NEW YORK-Sierra Wireless, a Canadian provider of wireless data communications equipment, went public May 17 on the Toronto Stock Exchange. Scotia McLeod Inc., Toronto, was lead underwriter for the initial offering of 4.5 million common shares, priced at $14.25 each.
Sierra Wireless, headquartered in Richmond, British Columbia, makes cellular packet data subscriber products including PC cards for portable computers, telemetry modems and OEMs for embedded applications.