The flotation, albeit small, is a welcome boost to the ailing UK market, whose share has fallen to just about 2% of the US$12.3 billion raised in IPOs in Europe this year, the lowest in decades, according to data compiled by Bloomberg.
British personal computer maker Raspberry Pi confirmed its plan for an initial public offering in London, marking a small step for the city that’s fallen behind a broader listings revival in Europe.
The offering will consist of new shares to raise US$40 million ($53.93 million) and existing shares sold by stakeholders, the company said in a statement on May 22. Raspberry Pi, which is controlled by a charitable foundation, expects to list on the main market of the London Stock Exchange in June, it said.
