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Raspberry Pi CEO discusses the computing firm's London IPO
  + stars: | 2024-06-11 | by ( )   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRaspberry Pi CEO discusses the computing firm's London IPOEben Upton, CEO of Raspberry Pi, discusses why the company decided to list in London over the U.S.
Persons: Eben Upton Organizations: Pi, U.S Locations: London
Raspberry Pi, which makes tiny single-board computers priced its shares at 280 pence apiece. The Raspberry Pi offering comprises 45.9 million ordinary shares sold by the company's existing majority shareholder, Raspberry Pi Mid Co Limited, a wholly owned subsidiary of the Raspberry Pi Foundation. It also includes 2.13 million ordinary shares sold by other shareholders, along with 11.23 million freshly issued shares. If there is more demand, a so-called overallotement option will allow the Raspberry Pi Foundation to issue another 4.6 million shares. In 2023, Raspberry Pi posted revenues of $265.8 million, up 41% year-on-year from 2022.
Persons: Raspberry, Eben Upton, Raspberry Pi Organizations: London bourse, Sony, Sony Semiconductor Solutions, Sony Corporation, Pi, LSE, Retail, Co, Pi Foundation Locations: Europe, U.S, British
London CNN —Investors are snapping up the shares of a British maker of tiny computers after it went public on the London Stock Exchange Tuesday. Raspberry Pi stock soared as much as 40% in early trade before paring those gains slightly by 11.54 a.m. The Cambridge-based company started life in 2012 as a commercial subsidiary of the Raspberry Pi Foundation, a charity founded four years earlier to promote computer science in schools. To date, Raspberry Pi has sold more than 60 million computers worldwide, according to its website. Raspberry Pi plans to invest the funds raised in developing its products and expanding its educational activities.
Persons: Pi, Eben Upton, “ It’s, ” Russ Mould, AJ Bell, haven’t, Organizations: London CNN —, London Stock Exchange, Pi, Pi Foundation, Industrial, University of Cambridge, Nasdaq, Cambridge University, Sony, SONY, CNN Locations: British, Cambridge, New York, London
British computing startup Raspberry Pi on Wednesday said it plans to list in London, in a rare win for the U.K. stock market. Raspberry Pi, which makes tiny single-board computers, is considering an initial public offering on the main market of the London Stock Exchange. The IPO is a win for the London stock market, which has been struggling to attract high-growth tech companies. A slew of major U.K. tech firms have chosen New York over London for their listings over the last year. Upton established Raspberry Pi in 2012 to make computing more accessible to young people, gaining traction among hobbyists and teachers in the early days.
Persons: Ocado, Eben Upton . Raspberry Pi, Upton, Raspberry Organizations: London Stock Exchange, Nasdaq, Sunday Telegraph, Sky News, Raspberry Pi Foundation, Sony, amortization Locations: London, New York, British
Sony Semiconductor Solutions, a subsidiary of Sony Corporation, invested an undisclosed amount in Raspberry Pi Ltd, the trading company of Raspberry Pi, the company said in a statement on Wednesday. Upton established Raspberry Pi in 2012 with the aim of making computing more accessible to young people. Raspberry Pi's tiny single-board computers are the size of a credit card and have been used to build everything from high-altitude balloons to small radio-controlled submarines. Raspberry Pi's customers were mainly hobbyists and teachers in the early days. The deal extends an existing manufacturing relationship between Sony and Raspberry Pi.
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