Raspberry Pi Plans Stock Market Debut
Raspberry Pi, the British computer company renowned for its affordable, credit-card-sized computers, is preparing to enter the stock market this month. The company's potential valuation could reach £500 million.
Founded by computer scientist Eben Upton, Raspberry Pi aims to make coding accessible to children. Its devices, starting at just £15, have gained popularity among individuals and businesses alike. Companies are utilizing Raspberry Pi technology for diverse applications, including security cameras, ventilation systems, and even self-pour coffee machines.
The Raspberry Pi Foundation, dedicated to empowering young people through computing and digital technologies, retains a majority stake in the company. Notable external investors include Arm and Sony, with the latter manufacturing Raspberry Pi's computer boards in its South Wales factory.
Raspberry Pi's 2022 financial report reveals a positive performance. The company, with 94 employees, generated $20 million in operating profit from $187 million in revenue.
This flotation attempt follows a previous postponement in 2021 due to market conditions influenced by geopolitical events and semiconductor chip shortages. However, with increasing demand and opportunities in the tech sector, Raspberry Pi is optimistic about its growth potential, aiming to expand its business both domestically and internationally.
Assisted by advisors Peel Hunt and Jefferies, Raspberry Pi is poised to proceed with the float in the coming days, subject to market conditions.