Raspberry Pi soars as CEO buys stock after slide below IPO price
17/02/2026 11:32
** UK‑based computer hardware company Raspberry Pi RPI.L up as much as 31% in second straight day of strong gains after CEO Eben Upton bought shares following a slide earlier this month that took the stock below its 2024 IPO price ** Two London traders say the driver behind the surge is not immediately clear, though the move follows a regulatory filing showing Upton bought 4,684 shares at around 282 pence each on Feb. 16 ** By 1120 GMT, Raspberry Pi up about 26%, topping gainers on the FTSE 250 .FTMC. Earlier in February, the shares - still roughly 50% below a record high hit a year ago - fell below the 280‑pence IPO price ** In January, Raspberry Pi said its 2025 core earnings would be ahead of expectations but its 2026 outlook was clouded by volatility in the supply and price of memory (Reporting by Danilo Masoni; Editing by Amanda Cooper)