Reported about 1 year ago
British PC manufacturer Raspberry Pi had a successful trading debut in London, with its shares closing at 385 pence each, a 38% increase from its IPO price. The IPO raised £166 million ($211 million) and marked the first time a tech firm in London raised over $100 million since 2021. Raspberry Pi's listing is seen as injecting quality into the UK capital markets, potentially inspiring other innovative British businesses to list domestically. Despite its positive performance, there are still challenges ahead for the UK tech market.
Source: YAHOO