Raspberry Pi plans to file for a UK stock market listing, saying the IPO would help it to enable young people to “realize their potential through the power of computing.”
British minicomputer manufacturer Raspberry Pi has announced plans to file for a UK stock market listing, saying the initial public offering would allow the company to expand its current talent pool and product offerings. Raspberry Pi is best known for making highly affordable microcontrollers and credit card-size single-board computers — the cheapest of which costs just $15. They can be used to make all sorts of things, like smart home control hubs, DIY cameras, home media servers, and more.
Raspberry Pi is hoping to use that cash to pay more engineers, bring aspects of its semiconductor design process in-house, and introduce new, more expensive product variants that “better serve Raspberry Pi’s customers’ needs.” The Raspberry Pi Foundation, the computer science education charity that serves as Raspberry Pi’s parent company, will remain the company’s majority shareholder.
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