Raspberry Pi shares bounce again as gross sales recuperate after chip scarcity

Computer platform maker Raspberry Pi offered a glimmer of hope to investors that it can regain momentum from its blockbuster listing.

Shares in the Cambridge business, which floated in June at 280p, rose more than 10 per cent in early trading yesterday to 523p before closing up 1.5 per cent at 478p. 

The rally followed a bullish update in which it said sales picked up at the end of last year as stock shortages eased. 

Investors will hope it puts the shares back in fashion having almost trebled between June and the end of January – making it one of the most successful London floats of recent years.  But shares have since fallen around 40 per cent. 

The firm, founded in 2012, designs products to make computer servers or retro games consoles, and is worth £910million. Raspberry Pi had struggled with sales after the semiconductor chip industry was affected by supply shortages.

But investors were pleased after boss Eben Upton said he was ‘confident’ there would be ‘gradual improvements’ in the supply chain in 2025.

Sales up: Computer platform maker Raspberry Pi rose more than 10% in early trading before closing up 1.5% at 478p.