Raspberry Pi eyes £540m valuation when it goes on sale on the LSE next week

Computer maker Raspberry Pi is forecasting a valuation of up to £540m when it lists on the London Stock Exchange next week.

Shares in the company, which sells computers to hobbyist and hobby coders, will be priced between 260p and 280p when trading begins on June 11.

That would value the group at between £500m and £540m.

The listing will fuel hopes that the tide is beginning to turn following an exodus of companies from the London stock market and a dearth of initial public offerings.

Only four companies have gone public in London in the first four months of the year.