Raspberry Pi Hands London a Starry Share Market Debut at Last
- Low-cost computer maker jumps 43% in its first day of trading
- London has largely missed out on a revival in European IPOs
Attendees at the bell-ringing ceremony for the Raspberry Pi Ltd. trading debut on the London Stock Exchange on June 11.
Photographer: Carlos Jasso/BloombergThis article is for subscribers only.
London’s lament over a shrinking equity market has been drowned out — for the moment at least — by the stellar trading debut of personal computer maker Raspberry Pi.
Shares in the British creator of low-cost computers popular among hobbyists and educators soared by as much as 43% Tuesday after a £166 million ($211 million) initial public offering. It’s on track to be the strongest first-day performance in about three years for a company raising at least $100 million in a London listing, according to data compiled by Bloomberg.