Raspberry Pi co-founder Eben Upton has revealed plans to list the company in London “when the markets are ready”, after global chip shortages and challenging market conditions delayed its original IPO plans for 2021. Raspberry Pi has since secured backing from Lansdowne Partners, Ezrah Charitable Trust, and Sony’s semiconductor division, with a valuation of around £409 million. Upton commented on the company’s readiness for listing at an event in Cambridge, stating that while market effects could constrain their decisions, they will be ready when the markets are.
Raspberry Pis are widely used in education and other applications, such as retro gaming systems. The company has sold 55 million units to date, with revenues of £154m last year and an operating profit of £16m. Upton believes there is “good, smart money in London” and that the notion of UK firms having to go to the US for an IPO is “overblown”.
Arm, a UK chip designer, recently opted for an IPO in New York over London, despite the UK government’s overtures. Upton’s hopes for Raspberry Pi’s IPO highlight the importance of market readiness when considering a company’s listing. Transitioning from a private to a public company is a significant step for any business, and it is crucial to weigh the decision’s advantages and disadvantages carefully. Raspberry Pi’s eagerly anticipated IPO launch is one to watch, as the market stabilizes, and it becomes ready.
In conclusion, Raspberry Pi’s IPO listing plans in London demonstrate the company’s plans for growth and business expansion. Its valuations, sales revenue and profits have impressed industry leaders, making it a strong investment choice. While global chip shortages and market uncertainties have delayed the company’s IPO launch, the hope is that these issues can be resolved soon. Furthermore, this is a significant step for Raspberry Pi, and it’s crucial to ensure market readiness before listing. Raspberry Pi’s IPO listing is one of many in the tech industry, as it continues to grow and evolve.