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From: Richard Kettlewell <invalid@invalid.invalid>
Newsgroups: comp.os.linux.misc
Subject: Re: rPI Goes Public
Date: Thu, 13 Jun 2024 17:39:13 +0100
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Pancho <Pancho.Jones@proton.me> writes:
> On 12/06/2024 03:00, 26xh.0717 wrote:
>> https://www.euronews.com/business/2024/06/11/raspberry-pi-shares-rise-by-more-than-a-third-on-london-market-debut
>> British microcomputer maker Raspberry Pi launched its initial
>> public offering (IPO) today on the London Stock Exchange (LSE)
>> after pricing its shares at 280p.
>> For now, only conditional trading is allowed, which means that
>> only some select investors will be able to trade the company’s
>> shares, with the majority of retail investors having to wait
>> until Friday 14 June, when trading opens for everyone.
>> Following the IPO however, Raspberry Pi’s shares soared as
>> high as 392p, with the company revealing that it was hoping
>> for a valuation of about £541.6 million (€642.48 million).
>> The Cambridge based group said on its website: “This is a
>> watershed moment for Raspberry Pi, and the start of a new
>> phase in our evolution: access to the public market will
>> enable us to build more of the products you love, faster.
>
> Mighty white of them, while they pocket half a billion quid.

I think you’ve confused the implied valuation of the whole business with
the amount raised, which was £166M according to
https://edition.cnn.com/2024/06/11/tech/raspberry-pi-ipo-london-stock-exchange/index.html

-- 
https://www.greenend.org.uk/rjk/