Re: rPI Goes Public

Pancho <Pancho.Jones@proton.me> writes:

On 12/06/2024 03:00, 26xh.0717 wrote:

https://www.euronews.com/business/2024/06/11/raspberry-pi-shares-rise-by-more-than-a-third-on-london-market-debut
British microcomputer maker Raspberry Pi launched its initial
public offering (IPO) today on the London Stock Exchange (LSE)
after pricing its shares at 280p.
For now, only conditional trading is allowed, which means that
only some select investors will be able to trade the company’s
shares, with the majority of retail investors having to wait
until Friday 14 June, when trading opens for everyone.
Following the IPO however, Raspberry Pi’s shares soared as
high as 392p, with the company revealing that it was hoping
for a valuation of about £541.6 million (€642.48 million).
The Cambridge based group said on its website: “This is a
watershed moment for Raspberry Pi, and the start of a new
phase in our evolution: access to the public market will
enable us to build more of the products you love, faster.

>
Mighty white of them, while they pocket half a billion quid.

I think you’ve confused the implied valuation of the whole business with
the amount raised, which was £166M according to
https://edition.cnn.com/2024/06/11/tech/raspberry-pi-ipo-london-stock-exchange/index.html

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