Raspberry Pi IPO Coming To London Stock Exchange

In a significant development for the United Kingdom's technology sector, Raspberry Pi, the manufacturer of the popular single-board computers, has announced its plans to pursue an initial public offering (IPO) on the London Stock Exchange. The company, acclaimed for its affordable and versatile computing devices, is aiming for a valuation of £500 million, a move that could invigorate the London market, which has recently struggled to attract new listings.

Raspberry Pi's financial success in 2023 sets the stage for its IPO. The company reported an impressive revenue of $266 million (£211 million), with a gross profit of $66 million and an operating profit of $38 million—numbers that bolster its appeal to potential investors. By going public, Raspberry Pi is seeking to raise capital that will enable it to augment its sales team and push into new and existing market spaces, ensuring continued growth and innovation in its offerings.

The decision to list in London is also of strategic significance. Amid challenges in drawing businesses to the London Stock Exchange for IPOs, Raspberry Pi's move is viewed as a positive indicator for the market. The tech firm's choice showcases a commitment to its British roots and confidence in the UK's financial environment as a fertile ground for technological advancement and investment opportunities.

Founded in 2012 initially as a charity with the mission of promoting computer science education, Raspberry Pi has since evolved into an influential player in the technology sector. It has enjoyed widespread success, becoming the best-selling UK-made computer ever, broadening its applications beyond educational purposes to various commercial products like gaming consoles and industrial equipment.

To facilitate its market debut, Raspberry Pi has enlisted the expertise of Jefferies and Peel Hunt as joint sponsors and bookrunners. Notably, retail investors will be granted the opportunity to partake in the offering through Peel Hunt's trading portal, reflecting the company's endeavor to engage a broader investor base.

The forthcoming IPO marks a pivotal chapter in Raspberry Pi's growth narrative. As the company prepares to embark on this exciting journey, the tech community and potential shareholders alike will be observing closely, anticipating how Raspberry Pi's market presence will evolve in the dynamic world of computing technology.