Raspberry Pi shares soared again as trading opened to retail investors for the first time.
Shares in the computer maker rose more than 20 per cent to 500p in early trading yesterday.
That took its gains since it listed in London on Tuesday at 280 pence a share up 79 percent and gave it a value of 970 million pounds.
The stock gave up many of its gains in later trading and ultimately ended the day up 1.9 per cent, or 8p, at 420p. It capped off a stellar first week on the stock market for the Cambridge-based group.
Only institutional investors could trade the shares until yesterday, when the shares were opened to the general market. Raspberry Pi, founded in 2012, makes products used by enthusiasts to build computer servers or retro game consoles.
On a roll: Shares in the computer maker rose more than 20 per cent to 500 pence in early trading
Charles Hall, an analyst at broker Peel Hunt, said the success of Raspberry Pi “demonstrates that London can attract and support growing companies and should encourage other companies to go public.”
Chinese fast fashion giant Shein is among the companies set to list in the City.
Russ Mould, chief investment officer at investment platform AJ Bell, said: “Raspberry Pi has been the talk of the town following its wildly successful stock market debut earlier this week.”
