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Microcomputer maker Raspberry Pi announces IPO

© Raspberry Pi

Thanks to its very affordable microcomputers, Raspberry Pi has become a key player in the tech sector. This allows DIY culture enthusiasts to make connected and intelligent devices of all kinds. And during the health crisis, when the need for computers suddenly increased around the world, its sales were up sharply.

Today, the company is ready to take the next step: an IPO. According to an article from Bloomberg, Raspberry Pi indicates that it will file its file with the London Stock Exchange, without giving all the details, for the moment. Currently, the builder is controlled by a foundation. This aims for a valuation of 630 million dollars, after the IPO.

“For the Raspberry Pi Foundation, patient shareholder and solidarity, this IPO is an opportunity to redouble our efforts to enable young people to realize their potential thanks to the power of IT” , indicates CEO Eben Upton, according to Bloomberg.

Good news for the UK

It is important to note that this is not the first time that the press has mentioned the IPO of this microcomputer manufacturer. In 2022, a rumor was already circulating about a possible IPO of Raspberry Pi. But instead, it announced a fundraising which brought its valuation to 560 million dollars.

In any case, the announcement is good news for London. According to Bloomberg's explanations, this would indeed be the first major IPO for the London Stock Exchange since February. “London has fallen behind in the resumption of IPOs in Europe this year”, explains the American agency.

According to an article in the Financial Times, in 2023, Raspberry Pi generated revenue of $265.8 million, an increase of 41% compared to 2022. Pre-tax profits were, as them, almost doubled to $38.2 million. In 2024, Raspberry Pi plans to sell 8.4 million units compared to 7.4 million units in 2023.

  • Raspberry Pi, the manufacturer of microcomputers, will go public in London
  • The IPO could allow it to reach a valuation of 630 million $60~/li>
  • In 2023, Raspberry Pi revenue increased by 41%

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Teilor Stone

By Teilor Stone

Teilor Stone has been a reporter on the news desk since 2013. Before that she wrote about young adolescence and family dynamics for Styles and was the legal affairs correspondent for the Metro desk. Before joining Thesaxon , Teilor Stone worked as a staff writer at the Village Voice and a freelancer for Newsday, The Wall Street Journal, GQ and Mirabella. To get in touch, contact me through my teilor@nizhtimes.com 1-800-268-7116