Raspberry Pi Share Discussion Threads

[melody9999] 11/6/2024 12:17

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.

[the white house] 11/6/2024 12:09

Gone long December @ 370Decent interview with boss on CNBC, string expansion plans in Europe & asia

[gregpeck7] 11/6/2024 11:50

Looks like they underpriced this

[wsm812] 11/6/2024 10:45

I agree with the split, but money talks and the institutions had to be fully on board for this to float at all.

There is nothing stopping PIs buying the stock now (apart from the small risk of RPI pulling the IPO before Friday and the premium to IPO listing price!)

[jurgenklopp] 11/6/2024 10:32

Still nothing updated from AJ Bell.

Poor show.

[ricky46] 11/6/2024 10:04

Not many shares issued to private investors, the institutions have them

[riskvsreward] 11/6/2024 10:02

Don't see anything allocated in II or AJ Bell.

[gemlotte55] 11/6/2024 10:00

WsM812 snap received the same 365 with HL, i put a order in of 7k worth of shares

[wsm812] 11/6/2024 09:52

@Jurgen HL

@Pete many thanks - 365 shares is what I was allotted.

[davius] 11/6/2024 09:43

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.

[davius] 11/6/2024 09:39

Raspberry Pi jumps on its first day of trading, the stock climbed by as much as 36%.

Raspberry Pi shares soared on the microcomputer maker’s first day as a public company, providing a boost to London’s market for new stock listings.

Opening at 360 pence per share, well above the initial public offering (IPO) price of 280 pence, the stock climbed by as much as 36%.

The company, known for its low-cost computers popular among amateur coders and educators, achieved a market capitalization of approximately £542 million after pricing the IPO at the top end of its range.

This modest deal is viewed as a positive sign for London, which has lagged in this year’s resurgence of listings in Europe.

[pete160] 11/6/2024 09:33

Allocations were capped at 365 shares per applicant (£1,022), applications below this amount have been allocated in full (rounded down to the nearest whole share), orders above this amount were scaled back to 365 shares.

[jurgenklopp] 11/6/2024 09:20

WsM812,

who did you apply through ?

[wsm812] 11/6/2024 09:17

I received roughly 1/3 of my request - does this mean it was 3x over-subscribed?

[wsm812] 11/6/2024 09:16

Super happy for the placement so far and thank you for the BB StrollingMolby

[someuwin] 11/6/2024 07:42

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.

[spacecake] 10/6/2024 18:30

I'm in for a few, Oversubscribed, UK home grown technology.
Been using a Raspberry Pi 4 as a desktop for a few years, even got a free one stuck on the front of a magazine :-)

[davius] 10/6/2024 17:21

Roll on tomorrow morning, see how we did allocation wise and what happens to the grey market price.

Then it's either rejoice with a slap up tea at Mrs Miggin's Pie Shop, or cry into your cornflakes...

[nickwild] 10/6/2024 16:54

Timetable
Applications closed: 9am Monday 10 June 2024
Allocations announced: Tuesday 11 June 2024
Trading starts: Conditional dealing - 8am Tuesday 11 June 2024

Unconditional dealing - 8am Friday 14 June 2024

H L website

[bertiebingo] 10/6/2024 15:41

Sorry , you mis-interpreted my message. I wasn't making a comment on this IPO just in general IPOs are pulled if the cover is 1* (or lower) and generally only go well if >2*. My experience is 30 years running a hedge fund and occasionally being screwed by brokers "congrats you got a full allocation" which is code for "demand was low". The best IPOs were those where I got a limited or no allocation as the brokers (Goldmans the worst) favour their big clients.

[davius] 10/6/2024 09:18

"Closer to a 1 and it's pulled." Absolute nonsense. That's what underwriters are for.

And you've just seen a comment saying over subscribed multiple times, so why even post that.

From Bloomberg:

PC Maker Raspberry Pi Seen Pricing London IPO at Top End of Range

Small deal is boost for London as Europe’s market sees revival
Raspberry Pi’s IPO is oversubscribed by multiple times

7 June 2024 at 07:46 BST

British personal computer maker Raspberry Pi expects to price its London initial public offering at the top end of its range, according to terms seen by Bloomberg.

At the likely price of £2.80 per share, the company will raise approximately £179 million ($229 million) from the IPO, the terms showed. The deal was already oversubscribed by multiple times on long-only demand and cornerstone investor commitments.

[bertiebingo] 10/6/2024 09:11

If it's not oversubscribed that is a big negative. In my professional experience, anything below approx 2* isn't a good sign, closer to 1 and it's pulled.