Raspberry Pi is now a public company as its stock soared after its IPO price

Who would have thought that Raspberry Pi, a maker of low-cost single-board computers, would become a public company? And yet, that’s exactly what it is occurs this week as Raspberry Pi price wise its IPO this morning at a price of £2.80 per share, valuing the company at £542m or $690m at today’s exchange rate.

Soon after that, shares jumped to £3.70 — that represents a good jump of 32%. This means Raspberry Pi could raise more than $200 million during the IPO process.

If you want to buy Raspberry Pi shares as a small investor, it is not possible yet. For now, trading is only available to certain institutional shareholders. Retail investors will be able to buy and sell shares from Friday.

This listing is also a win for the London Stock Exchange. While Deliveroo and Wise trade in London, many British tech companies choose to list in the US on NASDAQ or the New York Stock Exchange because those exchanges are more liquid.

Raspberry Pi is mostly known for its tiny computers which can be programmed to perform all kinds of tasks without spending too much money and requiring too much energy. These Arm-based computers have become particularly popular among tech hobbyists looking to create media servers, retro game consoles, interactive dashboards, robotics projects, and more.

Recently, many industrial companies have started to integrate Raspberry Pi into their devices and facilities. Company reports that the industrial and embedded segment represents 72% of its sales.

Raspberry Pi has sold 60 million units since its inception. In 2023 alone, Raspberry Pi generated $266 million in revenue and $66 million in gross profit.

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Raspberry Pi Ltd, a public company, is the commercial arm of the Raspberry Pi Foundation. The foundation wants to facilitate the learning of coding through a low-cost programmable computer. It also remains a major shareholder of Raspberry Pi Ltd.

Other strategic shareholders in the company include Arm and Sony Semiconductor Solutions Corporation, a subsidiary of Sony that makes image sensors for smartphones and other components. Arm previously announced that it intends to increase its stake in Raspberry Pi through a public listing.

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