SMART Technologies, the global leader in interactive whiteboards for the education and commercial markets, raised a greater than expected $660 million by offering 38,830,000 shares at $17, the midpoint of its anticipated range of $16 to $18. The $660 million offering size was 10% above its originally planned deal size, with the difference representing additional shares sold by existing shareholders. Shares of SMART Technologies will begin trading today on the NASDAQ under the symbol SMT. Morgan Stanley, Deutsche Bank Securities, and RBC Capital Markets acted as lead managers on the deal.
