British PC Maker Raspberry Pi Soars in London Trading Debut
- The deal offers a boost for London’s struggling IPO market
- Company makes low-cost computers popular among hobbyists
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British personal computer maker Raspberry Pi shares jumped on its first day as a public company, offering a boost to London’s struggling market for new stock listings.
Shares of the Cambridge-based company closed Tuesday’s session at 385 pence each, a 38% surge from its initial public offering price of 280 pence. The stock gained as much as 43% during intraday trading from the pricing of its £166 million ($211 million) IPO.