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Raspberry Pi ready for IPO on the London Stock Exchange

Raspberry Pi ready for IPO on the London Stock Exchange


Raspberry Pi, the British company known for making inexpensive microcomputers, is set to go public on the London Stock Exchange.

The company, which has sold more than 60 million units since its debut in 2012, could be valued at up to US$500 million ($630 million), according to Sunday timewhich first announced the planned IPO.

When we launched our first product in 2012, our goal was to provide a computer affordable enough for young people to own and explore with confidence, giving them the chance to discover and become passionate about computing . said Eben Upton, CEO of Raspberry Pi, in a statement announcing plans to take the company public.

For the Raspberry Pi Foundation, a patient and supportive shareholder, this IPO is an opportunity to redouble our efforts to enable young people to realize their potential thanks to the power of computing.

We have hugely appreciated their support throughout our journey so far and are delighted that the Foundation will remain a major shareholder. Raspberry Pi enthusiasts will see the next phase of our development deliver unprecedented opportunities for creativity and innovation. Our commitment to low-cost computing, a fundamental part of what makes the Raspberry Pi special, remains unchanged.

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Global success

The Raspberry Pi is now sold in more than 70 countries around the world, but the announcement suggests that current sales figures are just a drop in the bucket compared to what could be achieved with a greater investment.

The company estimates that its total addressable market in 2023 was approximately $21.2 billion, while its total revenue for the fiscal year ended December 31, 2023 was only approximately 1% of this figure, at $265.8 million. According to the company, this represents a substantial opportunity to capitalize and maintain its strong growth trajectory.

The company is also keen to emphasize its ecological nature. Raspberry Pi said it expects to receive the Green Economy Mark from the London Stock Exchange when it lists, indicating that it is a company that derives more than half of its revenue from products that contribute to the green economy.

The company claims that Raspberry Pi units use 90% less wastewater in production than older desktop or embedded computers, 85% less plastic in their casing, and consume 90% less electricity.

This is largely reflected in the dimensions of Raspberry Pi devices, which are roughly the size of a deck of cards. Although recent versions have become powerful enough to run full desktop Linux operating systems, they are generally not seen as replacements for Windows or Mac desktops, but as cheap kits for learning Linux. programming, amateur hardware projects or home automation.

The IPO announcement suggests the company may be looking to generate more revenue in the enterprise market. It says the devices are well suited for a wide range of industrial and embedded applications, including sensing, signaling, edge computing and for use in IoT gateways.

The industrial and embedded market now represents more than half of unit sales and future growth. To serve industrial and embedded customers, Raspberry Pi intends to continue to focus on product quality, together with its main manufacturing partner, Sony.

No timetable was provided for the registration, although reports suggest it could take place as early as next week.




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