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Promethean World eyes main market IPO
Wed, 08 Feb, 2012
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Promethean World eyes main market IPO
Mon, 15 Feb 2010, 11:33:00
Interactive learning technology firm <b>Promethean World</b> plans to float on the main market of the London Stock Exchange. Promethean, which makes electronic whiteboards for classrooms, didn't say how much it plans to offer or how much money it intends to raise, but a number of press reports expect the company to be valued at up to £500m. The offer is expected to be completed in March 2010. 'Promethean is a global leader in interactive learning technology. We have earned this position through continuing innovation, the quality and reputation of our products and services and the effectiveness of our people,' said chief executive Jean-Yves Charlier. 'Our belief is that the growth of interactive learning technology is still in its early days. Our aim is to build upon our position in this market. Our commitment is to create superior value for customers, students and shareholders alike.' Goldman Sachs and JP Morgan Cazenove are acting as Joint Global Coordinators, Joint Bookrunners and Joint Sponsors in respect of the offer.
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