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Raspberry Pi Plans London IPO, Valued Up to £500M

May 15, 2024, 07:35 AM

Cambridge-based Raspberry Pi is finalizing plans to float on the London stock market this month, in a deal that could value the company at up to £500 million. The British personal computer maker's IPO is seen as a significant win for the UK capital, especially after several UK firms opted to list in the US. Raspberry Pi was reportedly valued at approximately $560 million when Arm acquired a minority stake in November 2023. This move is part of the UK's efforts to bolster its trillion-dollar tech sector.