Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

British tech firm Raspberry Pi set for £500m float

by May 12, 2024
May 12, 2024
British tech firm Raspberry Pi set for £500m float

Raspberry Pi, the Cambridge-based computer business known for its low-cost, credit-card-sized computers, is finalising plans to float on the stock market this month, potentially valuing the company at up to £500 million.

Founded by computer scientist Eben Upton, Raspberry Pi aims to help children learn coding. Its devices, priced as low as £15, have gained popularity not only among individual users but also among companies seeking to use its technology for various applications such as security cameras, ventilation systems, and self-pour coffee machines.

The Raspberry Pi Foundation, with a mission to empower young people through computing and digital technologies, still holds the majority stake in the business. Notable outside investors include Arm and Sony, the latter manufacturing Raspberry Pi’s computer boards at its factory in south Wales.

The company’s financials for 2022 show positive results, with 94 employees and $20 million in operating profit from $187 million in revenue.

This flotation attempt comes after Raspberry Pi’s previous plan in 2021 was postponed due to market conditions impacted by geopolitical events and semiconductor chip shortages. However, with growing demand and opportunities in the tech sector, Raspberry Pi is optimistic about its growth potential, aiming to expand its business both domestically and internationally.

With the help of advisors Peel Hunt and Jefferies, Raspberry Pi is poised to proceed with the float in the coming days, pending market conditions.

Read more:
British tech firm Raspberry Pi set for £500m float

0
FacebookTwitterGoogle +Pinterest
previous post
John Lewis cut 3,500 jobs last year while hiring new chief on £1.2m pay deal
next post
British Steel nearing multibillion-pound taxpayer rescue

You may also like

A third of UK SMEs back R&D for...

February 3, 2025

Businesses in battle to find skilled staff

March 27, 2023

Britishvolt’s Australian white-knight yet to make final payment...

August 8, 2023

Should Politics Be Kept Out of the Office?...

June 20, 2024

Record number of Brits return to workforce but...

May 16, 2023

Growing number of UK shops and taxis refusing...

October 20, 2022

HMRC concedes £19bn in unpaid taxes unlikely to...

August 12, 2024

UK housing market poised for buoyant autumn as...

July 15, 2024

Ann Summers boss Jacqueline Gold dies aged 62

March 17, 2023

Recent Form and Training Camp Buzz: Factors to...

September 17, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Warren, Trump, and the Debt Limit

      June 25, 2025
    • Russian official says Moscow has ‘no intention’ of supplying Iran with warheads, following Trump taunts

      June 25, 2025
    • Top DOJ official faces test in Senate over nomination to become federal judge

      June 25, 2025
    • Tube to be powered by clean solar energy under new TfL and EDF Renewables deal

      June 25, 2025
    • Co-op to halt sales of Israeli goods and other imports from ‘countries of concern’

      June 25, 2025
    • HMRC targets high earners in record tax crackdown after £1.5bn haul

      June 25, 2025

    Categories

    • Business (8,305)
    • Investing (2,070)
    • Politics (15,790)
    • Stocks (3,167)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved