Raspberry Pi Prepares for London IPO
CEO Eben Upton reassures hobbyists of their continued importance, expects not-for-profit side to expand significantly.
- Raspberry Pi, the company behind the popular single-board computers, is preparing for an initial public offering (IPO) on the London Stock Exchange.
- The IPO is expected to significantly expand the not-for-profit side of Raspberry Pi, potentially by a factor of 2X.
- CEO Eben Upton has reassured hobbyists and enthusiasts that their importance to the company will not diminish after the IPO.
- Raspberry Pi was valued at roughly 400 million pounds, or just over $500 million, after ARM took a minority stake in the company in November 2023.
- The company's decision to go public follows its gradual recovery from pandemic supply chain shortages and the success of the Raspberry Pi 5 launch.