Largest Canadian IPO in decade announced as SMART raises $660 Million

by Rob Lewis | Business

Calgary-based SMART Technologies (now at TSX:SMA) scored the largest Canadian IPO in 10 years, selling US $660 Million to investors and beginning trading on the Toronto Stock Exchange this morning.

The share sale for SMART began at $16 to $18 and was bumped up to 38.8 million shares from the initial 35.3 million that the company planned to sell. It may add up to 5.8 million shares depending on how well investors pick up the stock. Major investors include Apax Partners and Intel.

Up to $758 Million will be raised from the sale, with the company itself getting $150 Million of the proceeds. It will use the money for working capital, and to pay down debt.

SMART Technologies Inc.
Calgary, Alberta, Canada

SMART's family of products facilitate the collaboration process, whether a group is in the same room or located around the world. All SMART solutions are designed to be very easy to use and the product line has a variety of configurations to suit a range of customer needs. The SMART Board and Rear Projection SMART Board are interactive whiteboards that allow instructors, trainers and meeting... more

blog comments powered by Disqus

Rob Lewis

Rob Lewis

Rob is the President of Techvibes Media and Editor-in-Chief of  His diverse background includes stints in International Trade Finance, Web Development, and Enterprise Software and he is a graduate of the University of British Columbia, British Columbia Institute of Technology, and Simon Fraser University. When not running Canada's leading technology media property, Rob can be... more

Who's Hiring

Recent Comments

Powered by Disqus