Subj : Raspberry Pi reportedly set for 500m float on the London LSE
To   : All
From : TechnologyDaily
Date : Tue May 14 2024 12:45:05

Raspberry Pi reportedly set for 500m float on the London LSE

Date:
Tue, 14 May 2024 11:30:00 +0000

Description:
Raspberry Pi wants to float on the London Stock Exchange, and will reportedly 
be valued at around 500 million.

FULL STORY
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Raspberry Pi is reportedly on the verge of launching its initial public 
offering (IPO) in a move that could value the company at 500 million ($626 
million). 

The company, renowned for its affordable compact computers and its mission to 
make coding more accessible, could float by the end of May, according to 
sources familiar with the matter (via The Times ), who noted that delays 
could be possible if market conditions deteriorate. 

The report notes that the company, headed up by CEO Eben Upton, has been 
engaging with potential investors for several weeks. Raspberry Pi float 

Rumors of a potential float come 12 years after the company was founded in 
2012, following the 2008 launch of the charitable Raspberry Pi Foundation. 

Initially recognized for its educational mission, Raspberry Pis devices have 
become popular among individual consumers, hobbyists and businesses alike. 

This wont be the companys first attempt at floating on the London Stock 
Exchange earlier in 2021, Raspberry Pi was reportedly exploring an IPO, 
however that was postponed due to post-pandemic semiconductor shortages and 
rising geopolitical tensions. Three years ago, Uptons IPO fell around 100 
million short of todays. 

Since then, Raspberry Pi has received support from Cambridge-based Arm and 
Tokyos Sony. 

In a statement earlier this year, the CEO affirmed the companys commitment to 
its core mission, assuring shareholders that the IPO would not detract from 
its focus. 

As anticipation continues, the industry looks on to see the result of 
Raspberry Pis foray into public trading. 

TechRadar Pro asked Raspberry Pi to confirm the speculation and to add any 
further details, but we did not receive an immediate response. More from 
TechRadar Pro These are the best Raspberry Pi distros Check out our roundup 
of the best mini PCs Raspberry Pi shipments are rising, but prices aren't



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Link to news story:
https://www.techradar.com/pro/raspberry-pi-reportedly-set-for-pound500m-float-
on-the-london-lse


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