Raspberry Pi's IPO on the London Stock Exchange raised £166m, valuing the company at £541.6m.
Raspberry Pi, a British computer maker, enjoyed a successful debut on the London Stock Exchange with shares soaring 40% to 392p after their Initial Public Offering (IPO) at 280p. The IPO raised £166m for the company, which plans to use the funds for engineering projects, improving supply chain, and other general corporate purposes. Raspberry Pi's valuation reached £541.6m, marking a victory for the London market, which has faced challenges with UK-listed firms delisting or moving to foreign markets.
June 10, 2024
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