SMART Technologies Files For Proposed IPO

Gail Chiasson, North American Editor

Calgary-based SMART Technologies Inc., global provider of interactive whiteboards, has filed a registration statement with the Securities and Exchange Commission and a preliminary prospectus in each of the provinces and territories of Canada relating to a proposed initial public offering of its Class A Subordinate Voting Shares in the United States and Canada.

The number of shares to be offered and the price
range for the offering have not yet been determined. Upon completion of the offering, the Class A Subordinate Voting Shares will be dual listed, trading under the symbol SMT on NASDAQ and SMA on the Toronto Stock Exchange.

Morgan Stanley
, Deutsche Bank Securities and RBC Capital Markets will act as joint senior bookrunners for the offering. BofA Merrill Lynch and Credit Suisse will act as junior bookrunners. CIBC, Cowen and Company, Piper Jaffray and Thomas Weisel Partners will act as co-managers.

A registration statement relating to these securities has been filed with the SEC, but has not yet become effective. The offering will be made only by means of a prospectus. When available, a copy of the U.S. preliminary prospectus for the offering can be obtained from the bookrunners in the U.S, and a copy of the Canadian preliminary prospectus can be obtained at

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