Raspberry Pi Limited to Go Public on London Stock Exchange

TapTechNews May 23rd, Raspberry Pi Limited filed documents with the London Stock Exchange yesterday local time, confirming its intention to conduct an IPO on the exchange. The company plans to go public officially in June this year.

Raspberry Pi Limited plans to raise 40 million US dollars (TapTechNews note: currently about 290 million Chinese yuan) by issuing new shares, and existing shareholders including its largest shareholder, the Raspberry Pi Foundation, will also sell some of their holdings.

Arm company had made a small-scale strategic investment in Raspberry Pi Limited in 2023 to further deepen the cooperative relationship between the two sides.

In this IPO, Arm will further expand its shareholding ratio in Raspberry Pi Limited and purchase 35 million US dollars (currently about 254 million Chinese yuan) of stocks.

Besides Arm, institutional investor Lansdowne has also signed a cornerstone investment agreement with Raspberry Pi Limited and agreed to buy up to 20 million US dollars (currently about 145 million Chinese yuan) of stocks.

The funds raised in this IPO will be used for the engineering capital expenditure of Raspberry Pi company, enhancing the flexibility of the Raspberry Pi supply chain and other general business purposes.

Martin Hellawell, the non-executive chairman of Raspberry Pi, said in the document:

We are very pleased to confirm our intention to list on the London Stock Exchange, which highlights our confidence in the UK as the home of innovative and growth-oriented global enterprises.

Raspberry Pi is a success story in the UK computing field, marking the next stage of the company's development.