Raspberry Pi makes second day of good points following bumper London IPO

On Jun 12, 2024

Updated: 22:01, 12 June 2024

IPO: Shares in Raspberry Pi, whose products are popular with amateur coders and hobbyists, rose as high as 420p

Raspberry Pi made a second day of gains following a bumper stock market listing in London.

Shares in the company, whose products are popular with amateur coders and hobbyists, rose as high as 420p yesterday.

That took gains since it listed at 280p a share on Tuesday to 50 per cent, and valued it at more than £800million. The stock finally closed up 3.9 per cent, or 15p, at 400p.

The demand for the stock, currently only available to certain institutions but going on general sale to investors tomorrow, is a shot in the arm for the City.

Susannah Streeter, at Hargreaves Lansdown, said the IPO showed ‘there is no shortage in demand to buy British companies’.

She added: ‘The focus should be on ensuring a ready supply of IPOs coming to London.

‘It would be welcome to see a speedy implementation of listings reforms, to ensure the City is as attractive as possible.’

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