Raspberry Pi, the Cambridge-based tech firm renowned for its compact, budget-friendly computers, is contemplating an IPO on the London Stock Exchange, a move that could place its value at approximately $625 million. Founded in 2008 by University of Cambridge graduate Eben Upton, Raspberry Pi has achieved significant success, selling over 60 million units of its single board computers since the release of its first product in 2012.
The potential IPO is seen as a significant step for Raspberry Pi and could provide a much-needed uplift to London’s stock market, which has seen numerous UK-listed companies either being acquired or relocating abroad. The company's steadfast dedication to providing low-cost computing solutions remains central to its mission, promising to expand its market reach in an increasingly connected world.
In 2023, Raspberry Pi reported impressive financials, with revenues hitting $265.8 million and operating profits at $37.5 million. The Raspberry Pi Foundation, a UK charity that received around $50 million in dividends since 2013, continues to advance its educational initiatives globally. With the IPO, the Foundation looks to enhance its impactful educational programs further, with Upton highlighting the continuous support and significant shareholding that the Foundation will maintain in the company.
This strategic move marks a pivotal next step in Raspberry Pi's growth, aiming to harness and expand its technological capabilities to meet the rising demand for high-performance, affordable computing platforms.
