Raspberry Pi, the innovative tech company headquartered in Cambridge, is on the brink of a significant financial milestone. The firm is preparing to list on the stock exchange this month, with market valuations potentially reaching £500 million. Established by Eben Upton, a distinguished computer scientist, Raspberry Pi has carved a niche for itself by producing compact, cost-effective computers. With price points starting at just £15, these devices have not only captivated individual consumers but have also found diverse applications across various industries, from security and HVAC systems to automated coffee dispensers.
The organisation is underpinned by the Raspberry Pi Foundation, which champions the integration of computing and digital technologies into youth education. The foundation retains a controlling interest in the company. It is bolstered by substantial investments from industry leaders such as Arm and Sony, with the latter responsible for the production of Raspberry Pi’s hardware in its south Wales facility.
Financial data from 2022 underscore the company’s robust economic standing, boasting an operating profit of $20 million on revenues of $187 million, supported by a dedicated workforce of 94.
The decision to initiate a public offering follows a deferred attempt in 2021, which was stalled by unfavourable market conditions influenced by geopolitical tensions and a global shortage of semiconductor chips. Despite these challenges, Raspberry Pi is experiencing increasing demand, with strategic plans to amplify its presence both in domestic and international markets.
In collaboration with financial advisors from Peel Hunt and Jefferies, Raspberry Pi is finalising the necessary preparations to ensure a smooth transition to public trading, subject to prevailing market conditions. This move marks a pivotal phase in the company’s trajectory, reflecting its sustained growth and enduring appeal in the global tech landscape.
