NEW YORK, July 16, 2010 (GLOBE NEWSWIRE) -- 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.
About SMART Technologies Inc:
Founded in 1987, SMART Technologies is a global provider of interactive whiteboards and complementary solutions to the education, business and government sectors.
About the NASDAQ OMX Group:
The NASDAQ OMX Group, Inc. is the world's largest exchange company. It delivers trading, exchange technology and public company services across six continents, with more than 3,600 listed companies. NASDAQ OMX offers multiple capital raising solutions to companies around the globe, including its U.S. listings market, NASDAQ OMX Nordic, NASDAQ OMX Baltic, NASDAQ OMX First North, and the U.S. 144A sector. The company offers trading across multiple asset classes including equities, derivatives, debt, commodities, structured products and exchange-traded funds. NASDAQ OMX technology supports the operations of over 70 exchanges, clearing organizations and central securities depositories in more than 50 countries. NASDAQ OMX Nordic and NASDAQ OMX Baltic are not legal entities but describe the common offering from NASDAQ OMX exchanges in Helsinki, Copenhagen, Stockholm, Iceland, Tallinn, Riga, and Vilnius. For more information about NASDAQ OMX, visit http://www.nasdaqomx.com. Please follow NASDAQ OMX on Facebook (http://www.facebook.com/nasdaqomx) and Twitter (http://www.twitter.com/nasdaqomx).
Cautionary Note Regarding Forward-Looking Statements
The matters described herein contain forward-looking statements that are made under the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements about NASDAQ OMX's products and offerings. We caution that these statements are not guarantees of future performance. Actual results may differ materially from those expressed or implied in the forward-looking statements. Forward-looking statements involve a number of risks, uncertainties or other factors beyond NASDAQ OMX's control. These factors include, but are not limited to factors detailed in NASDAQ OMX's annual report on Form 10-K, and periodic reports filed with the U.S. Securities and Exchange Commission. We undertake no obligation to release any revisions to any forward-looking statements.
Neither The NASDAQ OMX Group, Inc., nor any of its affiliates (collectively "NASDAQ OMX") makes any recommendation to buy or sell any security or any representation about the financial condition of any company. Investors should undertake their own due diligence and carefully evaluate companies before investing.
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CONTACT: The NASDAQ OMX Group, Inc. Media Contacts: Jolene Libretto +646-441-5220 Jolene.firstname.lastname@example.org Silvia Davi +646-441-5014 Silvia.email@example.com
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