Raspberry Pi developments

Wednesday 12th June, 2024 - Bruce Sterling

Via tech@inside.com.

Low-cost computer maker Raspberry Pi went public on the London Stock Exchange today, with its shares initially priced at £2.80 and rising 32% to £3.70. The IPO generated £166M ($211M), making it the second-largest in Britain this year.


The public listing valued the British microcomputer maker at nearly £542M ($689M).
Founded in 2012, the Cambridge-based company began as a Raspberry Pi Foundation subsidiary and is now known for making single-board computers.

Raspberry Pi has sold over 60 million computers to date, with 70% bought by tech companies and manufacturers and the rest by educators and enthusiasts.

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Raspberry Pi’s debut boosts London’s struggling stock market, which has seen several companies, including Arm, choose New York for IPOs.

Raspberry Pi is the first tech company to raise over $100M in London since Devolver Digital’s 2021 IPO.