IPO

Raspberry Pi shares to list at 280p in London IPO

Listing set to give creator of low-cost computers a market valuation of £542mn

Shares in British microcomputer maker Raspberry Pi have been priced at 280p before public trading begins in London on Friday, indicating a market valuation of £541.6mn.

The listing is a boost to London’s stock market, which has struggled to attract interest from high-growth technology firms, which prefer to list in New York.

Shares jumped 39 per cent in “conditional dealing”, which is only open to certain institutional shareholders, early on Tuesday.

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