Raspberry Pi Goes Public: A Look at the Company's IPO

Sydney Times

— 1 min read
Raspberry Pi Goes Public: A Look at the Company's IPO

Introduction

Raspberry Pi, known for its small, affordable single-board computers, recently made headlines by going public on the London Stock Exchange. Let's delve into the details of this significant development.

IPO Details

  • Raspberry Pi priced its IPO at £2.80 per share, valuing the company at £542 million.
  • The shares surged by 32% to £3.70 shortly after the IPO, potentially raising over $200 million.

Market Impact

  • Retail investors will be able to trade Raspberry Pi shares starting on Friday.
  • This IPO marks a win for the London stock market, as many U.K. tech companies often choose to go public in the U.S.

Raspberry Pi's Products

  • Raspberry Pi is renowned for its versatile ARM-based computers capable of performing a wide range of tasks at a low cost.
  • Its products have found applications in media servers, retro game consoles, interactive dashboards, robotics projects, and more.

Sales and Revenue

  • In 2023, Raspberry Pi generated $266 million in revenue and $66 million in gross profit.
  • The industrial and embedded segment accounts for 72% of the company's sales.

Company Structure

  • Raspberry Pi Ltd, the public company, is the commercial arm of the Raspberry Pi Foundation.
  • The Foundation aims to facilitate coding education through accessible, programmable computers.

Strategic Shareholders

  • ARM and Sony Semiconductor Solutions Corporation are key shareholders in Raspberry Pi.
  • ARM expressed intentions to increase its stake in Raspberry Pi through the public listing.

In conclusion, Raspberry Pi's IPO marks a significant milestone for the company, showcasing its growth and potential in the tech industry.

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