IPO: Shares of Raspberry Pi, whose products are popular among amateur and hobby programmers, rose as much as 420p
Raspberry Pi posted a second day of gains after a strong listing on the London stock market.
Shares in the company, whose products are popular with amateur and amateur programmers, rose as much as 420p yesterday.
That took gains since it was trading at 280p a share on Tuesday up to 50 per cent, valuing it at more than £800m. The stock eventually closed up 3.9 per cent, or 15p, at 400p.
The demand for the shares, which are currently only available to certain institutions but will go on general sale to investors tomorrow, is a stimulus for the City.
Susannah Streeter, of Hargreaves Lansdown, said the IPO showed there was “no shortage of demand to buy British companies”.
He added: ‘The focus should be on ensuring a ready supply of IPOs arriving in London.
“It would be welcome to see rapid implementation of listing reforms, to ensure the town is as attractive as possible.”
