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Raspberry Pi is planning a London IPO, but its CEO expects “no change” in focus

Enlarge / Is it not a strange fate that we should suffer so much fear and doubt for so small a thing? So small a thing! (credit: Andrew Cunningham)

The business arm of Raspberry Pi is preparing to make an initial public offering (IPO) in London. CEO Eben Upton tells Ars that should the IPO happen, it will let Raspberry Pi’s not-for-profit side expand by “at least a factor of 2X.” And while it’s “an understandable thing” that Raspberry Pi enthusiasts could be concerned, “while I’m involved in running the thing, I don’t expect people to see any change in how we do things.”

CEO Eben Upton confirmed in an interview with Bloomberg News that Raspberry Pi had appointed bankers at London firms Peel Hunt and Jefferies to prepare for “when the IPO market reopens.”

Raspberry previously raised money from Sony and semiconductor and software design firm ARM, and it sought public investment. Upton denied or didn’t quite deny IPO rumors in 2021, and Bloomberg reported Raspberry Pi was considering an IPO in early 2022. After ARM took a minority stake in the company in November 2023, Raspberry Pi was valued at roughly 400 million pounds, or just over $500 million.

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