Raspberry PI Rally Bucks Trend of London IPO Disappointments
- Computer maker’s stock extends gain after jump in sales
- Other stocks listed in UK over past three years have fallen
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Raspberry PI Holdings Plc shares rallied after reporting a jump in sales, cementing the computer maker’s status as the only winner from a recent wave of listings on the London Stock Exchange.
Shares of the Cambridge, England-based company rose as much as 9.5% on Tuesday after it reported a 61% jump in first-half revenue to $144.0 million. Its stock price has risen by about 36% since its initial public offering in June, which was viewed as a win for the London capital market.