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digital whiteboard co files for $730.7 mln ipo - digital whiteboard price
New york/BANGALORE (Reuters)-
Intelligent technology companies that make digital whiteboards submit documents to the United StatesS.
Regulators will raise up to $730 on Thursday.
7 million of initial public offerings
The document does not disclose how many shares the company plans to sell or its expected price range, but it does indicate that the company intends to go public on Nasdaq, the symbol for the stock is "SMT" and on the Toronto Stock Exchange, codenamed "SMA ".
CALGARY, Alberta
Whiteboards based on smart technologies have access to the Internet, save, and share work.
The company's shareholders include funds related to Apax Partners, chip makers Intel and IFF Holdings Inc.
For the fiscal year ended March 31, revenue increased by 38% year-on-year to $0. 648 billion.
The company's share price began to fall from $106.
A loss of 6 million and a profit of $0. 142 billion.
The company said it would use the proceeds of the issue to repay the loan for working capital and general use. (
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