Sierra Wireless Completes US $108M Cross-Border Public Offering

On May 10, 2000, Richmond, BC-based Sierra Wireless, Inc. (Sierra), a leading provider of wireless data modems, completed a US$108 million cross-border public offering and concurrent listing on the Nasdaq National Market. The common shares were offered in Canada and in the U.S. by a syndicate of underwriters led by Lehman Brothers Inc., Merrill Lynch Inc. and Scotia Capital Inc.

Sierra was represented by the Blake, Cassels & Graydon LLP team of Bob Wooder, Tamara Howarth, Jocelyn Kelley and Bill Maclagan in Vancouver and by Mike McArthur-Phillips of Davis Wright Tremaine LLP in Portland, Oregon. The underwriters were represented in Canada by Richard Balfour and Mike Urbani of the Vancouver office of McCarthy T├ętrault. Dan Clivner of Simpson Thacher & Bartlett in Los Angeles acted as US counsel to the underwriters.


William S. (Bill) Maclagan Richard J. Balfour Jocelyn M. Kelley Bob J. Wooder Daniel Clivner Tamara L. Howarth Michael G. Urbani


Blake, Cassels & Graydon LLP Davis Wright Tremaine LLP McCarthy Tétrault LLP Simpson Thacher & Bartlett LLP