Raspberry Pi is reportedly about to launch its initial public offering (IPO), a move that could value the company at £500 million ($626 million).
The company, known for its affordable compact computers and its mission to make coding more accessible, is reportedly reportedly The times), who noted that delays could be possible if market conditions deteriorate.
The report notes that the company, led by CEO Eben Upton, has been in discussions with potential investors for several weeks.
Raspberry Pi floats
Rumors of a possible IPO come 12 years after the company was founded in 2012, following the 2008 launch of the charitable Raspberry Pi Foundation.
Initially recognized for its educational mission, Raspberry Pi devices have become popular among individual consumers, hobbyists, and businesses alike.
This won’t be the company’s first attempt to list on the London Stock Exchange. Earlier in 2021, Raspberry Pi was reportedly exploring an initial public offering, but it was postponed due to post-pandemic semiconductor shortages and rising geopolitical tensions. Three years ago, Upton’s IPO lagged around £100 million compared to today’s.
Since then, Raspberry Pi has received support from Cambridge-based Arm and Tokyo-based Sony.
In a statement earlier this year, the CEO reaffirmed the company’s commitment to its core mission, assuring shareholders that the IPO would not detract from the company’s focus.
As anticipation continues, the industry is looking forward to the outcome of Raspberry Pi’s foray into public trading.
Ny Breaking asked Raspberry Pi to confirm the speculation and add further details, but we did not immediately receive a response.
