Company behind Raspberry Pi will go public in London in June

The IPO of Raspberry Pi Ltd is scheduled for June. This is confirmed by the London Stock Exchange, where the company is listed. The initial public offering will take place next month, where the first shares in the company will be sold.

The Raspberry Pi 5

Raspberry Pi Ltd expects the IPO to raise $40 million, the London Stock Exchange wrote on Wednesday. The company will use the expected proceeds for “technical capital expenditures, increasing supply chain resilience and general corporate purposes,” the announcement reads.

The shares offered in the IPO will be sold by certain current shareholders. This includes, for example, a subsidiary of the Raspberry Pi Foundation. The company will also issue a number of new shares.

Raspberry Pi Ltd has been wanting to go public for some time. The company already made preparations for this at the beginning of this year, although it indicated at the time that it wanted to wait for a better time. The single-board computer maker said at the time that the London market was very unfavorable for new IPOs.

Raspberry Pi Ltd is majority owned by the Raspberry Pi Foundation, the non-profit parent company that makes the Raspberry Pi series of single-board computers. The most recent version, the Raspberry Pi 5, was announced in September last year. At the end of 2023, Arm invested in Raspberry Pi Ltd.