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In a surprising move, Raspberry Pi, the beloved manufacturer of affordable single-board computers, has transitioned into a public company, marking a significant milestone in its journey. The company priced its initial public offering (IPO) at £2.80 per share, valuing Raspberry Pi at £542 million ($690 million). However, the excitement didn’t stop there, as shares quickly soared to £3.70, representing an impressive 32% surge.
While Raspberry Pi’s IPO process could potentially raise over $200 million, retail investors will have to wait until Friday to participate in trading, as initial trading is limited to institutional shareholders. Nevertheless, this listing showcases a notable win for the London stock market, as Raspberry Pi joins the ranks of tech giants trading on UK soil.
Raspberry Pi has garnered fame for its compact computers, empowering tech enthusiasts to undertake various projects affordably and efficiently. From media servers to retro game consoles and robotics projects, these Arm-based computers have captured the imagination of hobbyists and industrial players alike. Notably, the industrial and embedded segment constitutes a significant portion of Raspberry Pi’s sales, reflecting its versatility and adoption in diverse sectors.
With 60 million units sold to date and impressive revenue figures, Raspberry Pi’s success story continues to unfold. As a commercial subsidiary of the Raspberry Pi Foundation, the company remains committed to its mission of facilitating coding education through accessible computing solutions. Key stakeholders, including Arm and Sony Semiconductor Solutions Corporation, underscore Raspberry Pi’s strategic importance in the tech ecosystem.
As Raspberry Pi embarks on this new chapter as a public company, its IPO success signals confidence in its innovative offerings and underscores the growing demand for accessible technology solutions in today’s digital landscape.
