Raspberry Pi shares skyrocket on London market debut Raspberry Pi anticipates raising £166m from its London Stock Exchange listing Retail investors must wait until Friday to begin trading the company's shares The Raspberry Pi listing represents a rare victory for the London markets By Harry Wise Updated: 05:16 EDT, 11 June 2024 e-mail View comments Raspberry Pi shares soared on their London public markets debut on Thursday, as the tech firm sought a £166million fundraise. The budget computer maker, whose products are popular with amateur coders and hobbyists, plans to use the cash raised for engineering capital expenditures, bolstering its supply chain, and 'other general corporate purposes'. With an initial public offering price of 280p a share, Raspberry Pi told investors it was seeking a valuation of £541.
6million. Debut: Budget computer maker Raspberry Pi, whose products are popular with amateur coders and hobbyists, anticipates raising £166million from its London Stock Exchange listing Conditional dealing in the group's shares started at 8am on Tuesday, meaning only certain shareholders can buy and sell the shares at this time. Retail investors will have to wait until Friday to begin trading the company's shares.
Raspberry Pi shares were up almost 27 per cent to 355p by midmorning on Tuesday. RELATED ARTICLES Previous 1 Next Raspberry Pi eyes £540m valuation when it floats on the LSE..
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