News Formal

Shares of computing firm Raspberry Pi pop 31% in rare London market debut

  • 📰 NBCPhiladelphia
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 51%

News News

United States United States Latest News,United States United States Headlines

Shares of Raspberry Pi were up 31% in morning trade, as the computing startup seeks to raise £166 million ($211.2 million) from its initial public offering.

Raspberry Pi, which makes tiny single-board computers, priced its shares at 280 pence each.This is a period during which certain investors, like institutional ones, start trading shares.

The Raspberry Pi offering comprises 45.9 million ordinary shares sold by the company's existing majority shareholder, Raspberry Pi Mid Co Limited, a wholly owned subsidiary of the Raspberry Pi Foundation. It also includes 2.13 million ordinary shares sold by other shareholders, along with 11.23 million freshly issued shares.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 569. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Shares of computing firm Raspberry Pi pop 32% in London market debutShares of Raspberry Pi on Tuesday rose 32% at its market debut, as the British computing startup seeks to raise some £166 million ($211.2 million) from its…
Source: nbcsandiego - 🏆 524. / 51 Read more »

Shares of computing firm Raspberry Pi pop 39% in rare London market debutShares of Raspberry Pi on Tuesday rose 39% at its market debut, as the British computing startup seeks to raise some £166 million ($211.2 million) from its initial public offering.
Source: CNBC - 🏆 12. / 72 Read more »