Shares of Raspberry Pi on Tuesday rose 32% at its market debut, as the British computing startup seeks to raise some £166 million ($211.2 million) from its…
Raspberry Pi, which makes tiny single-board computers priced its shares at 280 pence each.This is a period during which certain investors, like institutional ones, start trading shares.
While small relative to other tech firms, the IPO could breathe life into the struggling London bourse, which has been snubbed by technology firms in favor or listings in other parts of Europe, and particularly in the U.S.A number of high-profile industry staples back Raspberry Pi, including Arm and Sony. Last year, Sony Semiconductor Solutions, a subsidiary of Sony Corporation, invested an undisclosed amount in the British startup.
If there is more demand, a so-called overallotement option will allow the Raspberry Pi Foundation to issue another 4.6 million shares. If the overallotment option is exercised, the final offer size will be £178.9 million.
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Computing firm Raspberry Pi to raise $211 million in rare London tech IPORaspberry Pi, which makes tiny single-board computers priced its shares at 280 pence each for its London IPO.
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Raspberry Pi Ready For IPO On London Stock ExchangeI have been a technology writer and editor for more than 20 years. I was assistant editor of The Sunday Times’ technology section, editor of PC Pro magazine and have written for more than a dozen different publications and websites over the years.
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