This article has been reviewed according to Science X's editorial process and policies. Editors have highlighted the following attributes while ensuring the content's credibility:


reputable news agency


Raspberry Pi shares surge in stock market debut

Raspberry Pi
Credit: Unsplash/CC0 Public Domain

Raspberry Pi, maker of the eponymous budget computer sold worldwide, saw its shares jump Tuesday in their initial public offering (IPO) on the London stock market, sending the company's valuation surging.

The company, part of the Raspberry Pi Foundation, a UK charity that promotes computing among young people, priced its share offering at £2.80 each, for a total value of £541.6 million ($690 million).

Soon after trading began, the soared 40 percent to £3.92.

"The reaction that we have received is a reflection of the world-class team that we have assembled and the strength of the loyal community with whom we have grown," Raspberry Pi chief executive Eben Upton said after the share float.

Founded in 2012, the company based in England's university city Cambridge has sold tens of millions of its credit-card-size computers.

The , whose latest edition sells for around £110 in Britain, is used mainly to teach coding to children and promote computing in developing countries.

© 2024 AFP

Citation: Raspberry Pi shares surge in stock market debut (2024, June 11) retrieved 23 June 2024 from
This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only.

Explore further

On Leap Year Day, Raspberry Pi 4 cost is sliced


Feedback to editors