Financial Times FT.com

Promethean plans IPO to drive expansion

By Martin Arnold and Maija Palmer in London

Published: November 29 2009 23:01 | Last updated: November 29 2009 23:01

Promethean, the UK-based maker of interactive whiteboards, is planning an initial public offering valuing it at £400m-£500m ($660m-$825m), which would propel it to the front of the class in the rapidly expanding market for digital classroom technology.

The flotation plans would make a paper multi-millionaire of Tony Cann, Promethean’s founder.

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