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RPI Raspberry Pi Holdings Plc

411.00
16.00 (4.05%)
Last Updated: 09:48:20
Delayed by 15 minutes
Raspberry Pi Investors - RPI

Raspberry Pi Investors - RPI

Share Name Share Symbol Market Stock Type
Raspberry Pi Holdings Plc RPI London Ordinary Share
  Price Change Price Change % Share Price Last Trade
16.00 4.05% 411.00 09:48:20
Open Price Low Price High Price Close Price Previous Close
402.00 402.00 411.50 395.00
more quote information »
Industry Sector
INDUSTRIAL ENGINEERING

Top Investor Posts

Top Posts
Posted at 14/6/2024 09:52 by joeywald
Be interesting to see if the US investors are in for this later.
Posted at 11/6/2024 13:05 by ltinvest
Not had my allocation from interactive investor yet but the website says allocations will be capped at 365 shares and price is 280p https://www.ii.co.uk/ipos/rpi/documents
Posted at 11/6/2024 12:54 by pj fozzie
Anyone from ii seen their allocation come through yet? (Ah - yes - I see someone has.) Is it simply that every private investor is getting 365 shares? I suppose if there were 160,000 applicants for shares - then 365 each is a fair split. It would be good to see the actual figures of the over subscription. I'm quite disappointed (as are many of you) at the scale of the reduction in shares allocated vs shares applied for. I had to sell a significant holding in order to make the application. Oh well.

Cheers
PJ
Posted at 11/6/2024 12:43 by ltinvest
Shame that more shares weren't allocated to retail as hobbyists were a big part of getting the company going to start with. Interactive investor capped all retail at 365 shares around £1000 so when conditional trading starts on Friday if the price holds up most of us will be sitting on a £400 gain which is nice but could have been significantly more if full allocations were recieved. Still positive for the London IPO scene much needed I think.
Posted at 11/6/2024 12:17 by melody9999
sent to RPI IR today. Not that it will do any good!

As a retail investor, I spent a considerable amount of time researching your IPO documentation, and decided to make a reasonable investment to support your offer.

59M shares issued and I learn I will only receive 365 ???

Not worth my time and effort.
I took the risk in offering my capital..... but will not reap the reward for taking that risk.

You should have upscaled your allocation to retail investors when you saw the demand.
Posted at 11/6/2024 10:04 by ricky46
Not many shares issued to private investors, the institutions have them
Posted at 11/6/2024 09:43 by davius
And from the North Somerset Times...

UK budget computer firm Raspberry Pi’s shares soared as much as 40% on Tuesday morning after its initial public offering (IPO).

Raspberry Pi’s shares hit 392p in early trading, above its IPO price of 280p, which was announced before markets opened.

The IPO terms suggested a valuation of £541.6 million, the company said in a stock market update. Raspberry Pi said the listing would raise £166 million.

Shares began trading in “conditional dealing”, where institutional investors and those on the London Stock Exchange on June 11, with a full open trade due to begin on Friday.
Posted at 11/6/2024 07:42 by someuwin
Raspberry Pi Holdings plc

Announcement of Offer Price of

280 pence per share

Following the confirmation of intention to float announcement on 22 May 2024, Raspberry Pi today announces the successful pricing of its initial public offering (the "IPO") at 280 pence per Ordinary Share (the "Offer Price"). Based on the Offer Price, Raspberry Pi's market capitalisation will be approximately £541.6 million at the commencement of conditional dealings on the Main Market of the London Stock Exchange.

Eben Upton, CEO of Raspberry Pi, commented:

"The quality of the interactions during the marketing process has underlined our belief that London has the right calibre and sophistication of investor to support growing, ambitious technology businesses such as Raspberry Pi. The reaction that we have received is a reflection of the world-class team that we have assembled and the strength of the loyal community with whom we have grown.

"Welcoming new shareholders alongside our existing ones brings with it a great responsibility, and one that we accept willingly, as we continue on our mission to make high-performance, low-cost computing accessible to everyone."

Offer Highlights

The Offer Price has been set at 280 pence per Ordinary Share, equating to a market capitalisation of approximately £541.6 million at the commencement of conditional dealings.

The Global Offer comprises: 45,935,065 Ordinary Shares being sold by the Company's existing majority shareholder, Raspberry Pi Mid Co Limited, a wholly owned subsidiary of the Raspberry Pi Foundation (the "Principal Shareholder"); 2,125,115 Ordinary Shares sold by certain other shareholders in the Company; and 11,228,572 Ordinary Shares being issued by the Company to raise approximately £31.4 million (c. $40 million).

This equates to a total offer size of £166.0 million (c. $211.2 million) and represents c. 30.7 per cent of the Company's Ordinary Shares on Admission.

The Global Offer was made to intermediaries using the Peel Hunt REX portal for distribution to retail investors in the United Kingdom (the "REX Intermediaries Offer"). Of the 59,288,752 Ordinary Shares being sold in the Global Offer, 2,421,921 were issued to intermediaries via the REX Intermediaries Offer at the Offer Price, raising approximately £6.8 million.

On Admission, the Company's issued share capital will be 193,415,715 Ordinary Shares. A further 4,593,506 Ordinary Shares in the Company are being made available by the Principal Shareholder pursuant to the Over-allotment Option (as defined in the Prospectus).

Assuming that the Over-allotment Option is exercised in full, the final offer size will be £178.9 million (c. $227.6 million), representing approximately 33.0 per cent of the Company's Ordinary Shares.

In connection with the Global Offer, each of the Company, its directors and the Principal Shareholder have agreed to customary lock-up arrangements restricting the disposal of Ordinary Shares after Admission for a period of 180, 365 and 360 days respectively.

Admission and Dealings

Commencement of conditional dealings in the Ordinary Shares are expected to take place on the London Stock Exchange at 8:00 a.m. (London time) on 11 June 2024 under the ticker "RPI" (ISIN: GB00BS3DYQ52). Investors should note that only those who applied for and were allocated Ordinary Shares in the Global Offer will be able to deal in the Shares on a conditional basis.

Admission to the premium listing segment of the Official List of the FCA and to trading on the Main Market for listed securities of the London Stock Exchange, and the commencement of unconditional dealings is expected to take place at 8.00 a.m. (London time) on 14 June 2024.

Full details of the Global Offer will be included in the Prospectus, which is expected to be published later today and will be available on the Company's website at hxxps://investors.raspberrypi.com/ipo, subject to certain restrictions.
Posted at 09/6/2024 11:57 by pete160
I'm not surprised that it's likely to be oversubscribed, and it will be interesting if /how they look after allocations to smaller (and probably more genuine) investors over financial institutions.