Following a drab year for UK stock market flotations in 2023, there was a real shot in the arm for sentiment for the London Stock Exchange this morning, with the affordable computer supplier Raspberry Pi getting off to a rip-roaring start to life as a public company. Shares in the business were priced at 280p each - at the top of the range published prior to the Initial Public Offering - which valued Raspberry Pi at £541.6m.
He told CNBC: 'That's the surprise for us - as an organisation which has come from this enthusiasts base, that still sees enthusiasts as the heart of the movement, what we've realised over the years is that many of these enthusiasts are professional design engineers. 'They take Raspberry Pi with them into work - they get excited about it at home, the next time they are challenged to solve a problem, they take Raspberry Pi with them, they reach for the tools they understand.
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Source: FT - 🏆 113. / 51 Read more »