Raspberry Pi IPO Oversubscribed – The Register

The highly anticipated initial public offering (IPO) of Raspberry Pi is poised to make a significant impact in the tech industry. According to reports from The Register, the IPO is expected to raise a substantial £179 million ($228 million), resulting in a valuation of approximately £540 million ($686 million). This pricing places the company at the top end of its range, as indicated by terms revealed by Bloomberg.

Excitement surrounding the IPO has been further fueled by reports indicating that the offering is oversubscribed "by multiple times." With trading scheduled to commence on June 14, investors and industry experts are eagerly awaiting the debut of Raspberry Pi on the London Stock Exchange.

The decision to go public was announced by Raspberry Pi on May 22, 2024, following months of speculation and anticipation. In a strategic move in late 2023, chip designer Arm acquired a minority stake in the company, signaling a vote of confidence in Raspberry Pi's innovative technology and market potential.

Raspberry Pi has gained widespread recognition for its production of low-cost computers initially designed for hobbyists and educators. Over time, these computers have garnered significant interest from various industries, reflecting the company's versatility and adaptability. A recent market report projected that the global industrial Raspberry Pi market size is expected to reach $385 million by 2026, underscoring the company's growth trajectory and market influence.

To address concerns and uncertainties surrounding the IPO, Philip Colligan, the chief executive of the Raspberry Pi Foundation – a UK-based educational charity – reassured stakeholders about the Foundation's strategic plans. Colligan emphasized that the IPO would enable the Foundation to expand its educational initiatives by converting a portion of its shareholding into an endowment. This endowment will serve as a sustainable source of funding for the Foundation's educational programs, ensuring long-term support and growth.