PC Maker Raspberry Pi Seen Pricing London IPO at Top End of Range
- Small deal is boost for London as Europe’s market sees revival
- Raspberry Pi’s IPO is oversubscribed by multiple times
A Raspberry Pi single-board computer.
Photographer: Chris Ratcliffe/BloombergThis article is for subscribers only.
British personal computer maker Raspberry Pi expects to price its London initial public offering at the top end of its range, according to terms seen by Bloomberg.
At the likely price of £2.80 per share, the company will raise approximately £179 million ($229 million) from the IPO, the terms showed. The deal was already oversubscribed by multiple times on long-only demand and cornerstone investor commitments.