uk whiteboard manufacturer promethean plans ipo: report - panasonic interactive whiteboard

LONDON (Reuters)-
UK interactive whiteboard maker Promethean plans an initial public offering with a valuation of between £ 0. 4 billion and £ 0. 5 billion ($655. 2 million -$819 million)
The Financial Times reported on Sunday.
Headquartered in Blackburn, UK, the company is the world leader in interactive whiteboards, in about three months
The newspaper said there were several quarters of classrooms in British schools. A 400 million-
The pound IPO will put Promethean's valuation at 18 times its earnings before last year's interest, tax, depreciation and amortization, at 22 million.
This valuation is driven by the huge growth potential of the United States, which has only one quarter of classrooms equipped with interactive technology.
Mr. Promi Hughes has appointed financial advisers to Gleacher Shacklock and Goldman Sachs (Goldman Sachs )(GS. N)and JP Morgan (JPM. N)
The Financial Times said it was the global coordinator of next year's IPO.
Promethean did not comment immediately.