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    Raspberry Pi shares jump 40% after London IPO

    by Alex Daniel Jun 11, 2024 2 minutes
    Source: PA Media

    UK budget computer firm Raspberry Pi’s shares soared as much as 40% on Tuesday morning after its initial public offering (IPO).

    Raspberry Pi’s shares hit 392p in early trading, above its IPO price of 280p, which was announced before markets opened.

    The IPO terms suggested a valuation of £541.6 million, the company said in a stock market update. said the listing would raise £166 million.

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