Raspberry Pi goes public

IPO on London Stock Exchange values tech pioneer at $690M

Image credit: Image Creator from Microsoft Designer/DALL.E and Canva

Raspberry Pi, known for its affordable single-board computers, has become a public company.

Here are a few key points:

• It priced its IPO on the London Stock Exchange at £2.80 per share, valuing it at £542 million ($690 million).

• The share price quickly rose 32% to £3.70, potentially raising over $200 million.

• Currently, only institutional shareholders can trade the shares, with retail investors gaining access on Friday.

• This listing is significant for the London stock market, which often sees UK tech companies opting for U.S. markets.

• Raspberry Pi's small, programmable computers are popular among tech enthusiasts for various projects and have recently gained traction in industrial applications, now representing 72% of sales.

• Since its inception, the company has sold 60 million units, generating $266 million in revenue and $66 million in gross profit in 2023.

• Raspberry Pi Ltd, the commercial arm of the Raspberry Pi Foundation, remains the main shareholder, alongside strategic investors like ARM and Sony Semiconductor Solutions Corporation.