Raspberry Pi is reportedly about to launch its initial public offering (IPO), in 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, could float as early as the end of May, according to sources familiar with the matter (via The times), who noted that delays could occur if market conditions deteriorate.
The report notes that the company, led by CEO Eben Upton, has been engaging with potential investors for several weeks.
Raspberry Pi Float
Rumors of a possible float come 12 years after the company was founded in 2012, following the 2008 launch of the Raspberry Pi charitable foundation.
Initially recognized for their educational mission, Raspberry Pi devices have become popular among individual consumers, hobbyists, and businesses alike.
This will not be the company's first attempt to list on the London Stock Exchange; In early 2021, Raspberry Pi was exploring an initial public offering, however it was postponed due to post-pandemic semiconductor shortages and rising geopolitical tensions. Three years ago, Upton's IPO was £100m lower than today.
Raspberry Pi has since received support from Cambridge-based Arm and Tokyo-based Sony.
In a statement earlier this year, the CEO affirmed the company's commitment to its core mission and assured shareholders that the IPO would not detract from its goal.
While the anticipation continues, the industry is waiting to see the outcome of the Raspberry Pi's foray into public commerce.
TechRadar Pro asked Raspberry Pi to confirm the speculation and add more details, but we did not receive an immediate response.
