Organization Raspberry Pi prepares IPO in London, waiting for a better time

Raspberry Pi Ltd is preparing an IPO on the London Stock Exchange, but says it is waiting for a favorable moment to start a so-called initial public offering process. The IPO is at an early stage.

The commercial subsidiary of the Raspberry Pi Foundation has been considering going public for some time and has now to Bloomberg confirmed that the first steps have been officially taken. A bank in the British capital is now preparing the IPO. For the time being, it remains just preparations for an IPO; the newspaper writes that the London IPO market is currently very unfavorable for new IPOs. To illustrate, a total of $1 billion was raised in IPOs last year, which is the lowest amount in decades.

According to CEO Eben Upton, there was no reason to prefer the American stock exchange. Based on conversations with investors, Upton concludes that ‘American money’ can also end up in companies registered in London.

Raspberry Pi Ltd is majority owned by the Raspberry Pi Foundation, the non-profit parent company that makes the single-board computer for charity applications. At the end of 2023, Arm still invested in the commercial branch.