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The company’s shares popped 32% after its IPO pricing
Who would have think thatRaspberry Pi , the Jehovah of the tiny , cheap , single - board calculator , would become a public caller ? Yet , this is exactly what’shappening : Raspberry Pipriced its IPOon the London Stock Exchange on Tuesday morning at £ 2.80 per portion , valuate it at £ 542 million , or $ 690 million at today ’s exchange charge per unit .
curtly after that , the company’sshares jump off a nice 32 % to £ 3.70 . It mean that Raspberry Pi could end up resurrect more than $ 200 million during its IPO process .
Retail investors ca n’t buy Raspberry Pi contribution just yet , as only sure institutional shareowner can trade the company ’s shares mightily now . Retail investor will be capable to buy and deal parcel starting on Friday .
This listing is also a win for the London bloodline market . Deliveroo and Wise both craft in London , but many U.K. tech companies take to go public in the U.S. , as the line of descent markets there are more swimming .
Raspberry Pi is mostly know for itstiny computersthat can be programmed to perform all sort of tasks without spending too much money and requiring too much power . These ARM - ground computers became specially popular among tech hobbyist who want to create media servers , retro plot console , interactional dashboards , robotics project and more .
More latterly , many industrial companies have start integrating the Raspberry Pi in their devices and quickness . The companyreportsthat the industrial and embedded section represent 72 % of its sale .
Raspberry Pi has sell 60 million units since its inception . In 2023 alone , Raspberry Pi generated $ 266 million in receipts and $ 66 million in gross profits .
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Raspberry Pi Ltd , the public party , is the commercial subsidiary of the Raspberry Pi Foundation . The Foundation read it want to make it well-off for people to learn coding through a humble - monetary value , programmable reckoner . It also continue the main shareholder of Raspberry Pi Ltd.
Other strategical shareholders in the company let in ARM and Sony Semiconductor Solutions Corporation , a foot soldier of Sony that make image sensing element for smartphones and other components . ARM antecedently say it intended to increase its stake in Raspberry Pi via the public listing .
