Raspberry Pi debuted today (11) on the London Stock Exchange, with its shares gaining 31% in value during the morning. The company had already shown interest in going public a few weeks ago. Fully open negotiations should begin on Friday (14).

Raspberry Pi began operations with an initial public offering of 59.26 million ordinary shares selling for 280 pence each. Right away, the share price reached 390 pence, an increase of 31%. This is considered an impressive feat for the UK’s main exchange, which still struggles to attract technology companies.

Raspberry Pi’s goal was to raise around £166 million (~R$1.13 billion) with its initial public offering. If there is more demand, it could issue another 4.6 million shares, with the final value of the offering reaching £178.9 million (~R$1.22 billion).

Raspberry Pi single-board computers have become a hobby for technology enthusiasts around the world.Fonte:  GettyImages

The company was valued at around £541.6 million (~R$3.7 billion) based on the initial share value. Compared to technology giants, it can be considered a small company.

Proof of this is that it still receives investments from companies like ARM and Sony. Even so, its entry into the London Stock Exchange was celebrated by local investors.

Raspberry Pi was founded in 2012 with the aim of making computing more accessible to young people. Its single-board devices are versatile and inexpensive, and can be used in a multitude of projects with different purposes. For this reason, the company became a cult among experts who design systems as a hobby.

The company also revolutionized computing education in the UK. Its circuits gained prestige and aroused the interest of university students. Over the last 16 years, the Computer Science course has gone from the easiest to the hardest to get into Cambridge.

Source: https://www.tecmundo.com.br/mercado/284861-raspberry-pi-estreia-bolsa-londres-acoes-sobem-31.htm

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