Raspberry Pi Plans $560M London IPO, Boosting UK Tech Sector and Potential Shein Listing

May 15, 2024, 08:38 AM

British personal computer maker Raspberry Pi has announced plans to list on the London Stock Exchange. The company, which was valued at approximately $560 million when Arm acquired a minority stake in November 2023, generates over a quarter billion dollars in annual revenue and is profitable. This move is seen as a significant boost for the UK capital, which has seen several UK firms choose to list in the US. Analysts believe the IPO could drive a new wave of London floats, including potential IPOs from companies like Shein, further strengthening the UK's trillion-dollar tech sector. UK Chancellor Jeremy Hunt highlighted the strong GDP growth and dropping inflation as positive signs for the UK's business environment.