- Shares in the computer manufacturer rose more than 20% to as much as 500p
Shares in Raspberry Pi rose again as trading opened to retail investors for the first time.
Shares in the computer manufacturer rose more than 20 percent to as much as 500p in early trading yesterday.
That took gains since it listed in London on Tuesday at 280p a share to 79 percent, giving it a value of £970 million.
On a roll: The computer manufacturer’s shares rose more than 20 percent to as much as 500p in early trading
The share gave away many of its gains in later trading, eventually ending the day down 1.9 percent, or 8p, at 420p. It capped a stellar first week on the stock market for the Cambridge-based group.
Only institutional investors could trade the shares until yesterday, when the shares were opened to the broader market. Founded in 2012, Raspberry Pi makes products used by enthusiasts to build computer servers or retro gaming consoles.
Charles Hall, analyst at estate agent Peel Hunt, said the success of Raspberry Pi shows that London can attract and support growth companies and should encourage other companies to go public.
Chinese fast-fashion giant Shein is one of the companies that will appear at the fair in the city.
Russ Mould, investment director at investment platform AJ Bell, said: ‘Raspberry Pi is the talk of the town after its stock market debut went off with a bang earlier this week.’