Raspberry Pi plans to attract significant investment
British single-board computer maker Raspberry Pi is to float shares on the London Stock Exchange. The company plans to hold an IPO and is taking the necessary steps.
According to The Sunday Times, the business’s valuation could reach about US$630 million. The company has been in the market for 12 years and has sold around 60 million microcomputers.
Raspberry Pi plans
Raspberry CEO Eben Upton believes the company is ready to go public. The company is positioning itself as a manufacturer of low-cost microcomputers. The products target young customers who are learning the fundamentals of digital technology. The funds raised from the IPO will allow the company to expand its product range.
The Raspberry Pi Foundation is a major shareholder in the company. Upton says the foundation’s contribution is crucial to the company’s development. He hopes it continues to support the company after it goes public.
Raspberry Pi has adopted a development strategy to take the company to the next level. As part of this, the company plans to focus on the innovation sector. At the same time, the company continues to follow its principles of product availability.
The company sells microcomputers in more than 70 countries. At the same time, management intends to expand its activities through investment. Before the IPO, the company submitted a report assessing its financial potential:
– the company’s total market in 2023 was about US$21.2 billion;
– revenue is 1% of this amount – US$265.8 million.
The company, therefore, sees excellent potential for further expansion.
Product benefits
Raspberry Pi focuses on green initiatives in its operations. The company has a long history of implementing green strategies and has a positive reputation with climate regulators. As a result of its work in this area, Raspberry aims to achieve the Green Economy Seal, an award from the London Stock Exchange as part of its listing process. This means that products that meet the principles of sustainable management account for more than 50% of profits.
According to Raspberry:
– its single-board computers use 90% less water in production than standard PCs;
– the amount of plastic is reduced by 85%;
– the devices use 90% less electricity.
These results have been achieved primarily because of the small product size. Raspberry microcomputers are the size of a deck of cards. At the same time, the devices’ performance allows them to be used in conjunction with full operating systems such as Linux. These products are often seen as an alternative to Windows and Mac. They are also suitable for teaching the basics of programming and creating simple automation systems.
