The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ), the world's largest exchange company, announced that the trading of SMART Technologies Inc. (Nasdaq:SMT), a global provider of interactive whiteboards, commenced on July 15 on The NASDAQ Stock Market. SMART Technologies is headquartered in Calgary, Alberta and trades under the ticker symbol (SMT). The Company's initial public offering raised proceeds totaling over $660 million and was the largest IPO year-to-date. SMART Technologies is the largest NASDAQ IPO since Verisk Analytics, which raised $1.875 billion in 2009.
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"NASDAQ continues to dominate IPOs in the technology sector," said Bruce Aust, Executive Vice President, Corporate Client Group, NASDAQ OMX, "Of the 20 information technology companies to hold an initial public offering on a U.S. market in 2010, 75 percent have chosen to list on NASDAQ. SMART Technologies is yet another example of an innovative tech company that has been inspired by what NASDAQ has to offer."
SMART Technologies is the 14th information technology company to go public on NASDAQ this year. SMART Technologies is the 41st NASDAQ listed IPO of 2010 and the second Canadian company to go public on NASDAQ year-to-date.
NASDAQ IPOs have raised more than $4.32 Billion in proceeds year-to-date, as NASDAQ has captured 41 initial public offerings across a wide variety of sectors. Other distinguished companies who have recently listed on NASDAQ include: CBOE Holdings (Nasdaq:CBOE), which raised more than $339.3 Million in proceeds, and Tesla Motors (Nasdaq:TSLA), the first automotive industry IPO in 54 years.