Raspberry Pi Ready For IPO On London Stock Exchange

Raspberry Pi News

Raspberry Pi Ready For IPO On London Stock Exchange
Eben UptonLondon Stock ExchangeLinux
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I have been a technology writer and editor for more than 20 years. I was assistant editor of The Sunday Times’ technology section, editor of PC Pro magazine and have written for more than a dozen different publications and websites over the years.

Raspberry Pi , the British company renowned for making cheap microcomputers, is preparing to go public on the London Stock Exchange .

“We’ve hugely appreciated their support on our journey so far and are delighted that the Foundation will remain a major shareholder. Raspberry Pi enthusiasts will see the next phase of our development offer unprecedented opportunities for creativity and innovation. Our commitment to low-cost computing, a fundamental part of what is special about Raspberry Pi, is unchanged.

The company estimates that its “total addressable market in 2023 was approximately $21.2 billion,” whereas the company’s total revenue for the year ended 31 December 2023 was around only 1% of that, at $265.8 million. That, the company claims, presents “a substantial opportunity for it to capitalize on and sustain its strong growth trajectory.”

The company claims that Raspberry Pi units use 90% less wastewater in production than legacy desktop or embedded PCs, 85% less casing plastic and consume 90% less electricity.

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