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Computing firm Raspberry Pi pops 31% in rare London market debut
Shares of Raspberry Pi were up 31% in morning trade, as the computing startup seeks to raise £166 million ($211.2 million) from its initial public offering.
Shares of Raspberry Pi begun "conditional dealing" on Tuesday with a full open trade due to begin on Friday. Raspberry CEO Eben Upton established the company in 2012 to make computing more accessible to young people. While it initially gained traction with hobbyists, the company says that 72% of its unit sales target the industrial market, where it is used, for example, in factories.
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