Raspberry Pi, maker of minicomputers, plans IPO for business expansion
British minicomputer manufacturer, Raspberry Pi, has announced its intention to file for a US stock market listing. The company stated that the initial public offering (IPO) would allow it to expand its talent pool and product range. Known for producing affordable microcontrollers and credit card-sized single-board computers, Raspberry Pi aims to further diversify its offerings through this move.
Raspberry Pi's valuation and future plans
In 2023, a fundraising round led by US chip maker Arm Holdings valued Raspberry Pi at approximately £444 million (around $561 million). The Times suggests this figure has potentially risen to roughly £500 million (about $630 million). The company plans to use these funds to hire more engineers, bring elements of its semiconductor design process in-house, and launch new product variants that "better serve Raspberry Pi's customers' needs."
Raspberry Pi Foundation to retain majority shareholding
The Raspberry Pi Foundation, a computer science education charity and the parent company of Raspberry Pi, will continue to hold the majority of shares post-IPO. Eben Upton, CEO and founder of Raspberry Pi, stated in the company's filing, "When we released our first product in 2012, our goal was to provide a computer that was affordable enough for young people to own and explore with confidence."
