Raspberry Pi plans to go public in London

Raspberry Pi plans to go public in London

British company Raspberry Pi, known by most computer experts as a maker of tiny computers, announced Wednesday that it plans to list on the London Stock Exchange.

according to Bloomberg The company aims to be worth around £500 million, equivalent to 6.7 billion kroner.

The British stock market is struggling to attract technology companies, which last year preferred to list on the US technology exchange Nasdaq Composite.

For example, SoftBank's circuit board maker ARM listed on the Nasdaq in 2023, and its investors are said to have urged Ocado to move its listing from London to the US, according to the Sunday Telegraph.

According to Sky News, Klarna, which develops online payment solutions, will also look at the Nasdaq for its stock market listing, which is scheduled to take place somewhere at the beginning of 2025. However, a Klarna spokesperson reportedly commented that the company You won't do that. Share any information about a potential stock market listing.

Small computers

Raspberry Pi produces minicomputers of the same company name that occupy only a single circuit board. Computers are about the size of a credit card and are often used to control small or lightweight electronic devices.

The company owns, among others, Japanese consumer electronics giant Sony and British chip designer ARM.

The company has sold about 60 million units in more than 70 countries so far, according to CNBC. About 72 percent of the company's unit sales come from commercial customers who integrate products into factories or consumer units.

Raspberry Pi said Wednesday that it had revenue of $265.8 million in the fiscal year ending December 2023.

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Hanisi Anenih

Hanisi Anenih

"Web specialist. Lifelong zombie maven. Coffee ninja. Hipster-friendly analyst."

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