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June 11, 2024 02:05 pm
Original Link: https://tech.slashdot.org/story/24/06/11/144251/raspberry-pi-is-now-a-public-company?utm_source=rss1.0mainlinkanon&utm_medium=feed
Raspberry Pi is Now a Public Company
An anonymous reader shares a report: Who would have thought that Raspberry Pi, the maker of the tiny, cheap, single-board computers, would become a public company? Yet, this is exactly what's happening: Raspberry Pi priced its IPO on the London Stock Exchange on Tuesday morning at $3.56 per share, valuing it at $689 million. Shortly after that, the company's shares jumped a nice 32% to $4.70. It means that Raspberry Pi could end up raising more than $200 million during its IPO process. Raspberry Pi has sold 60 million units since its inception. In 2023 alone, Raspberry Pi generated $266 million in revenue and $66 million in gross profit. Raspberry Pi Ltd, the public company, is the commercial subsidiary of the Raspberry Pi Foundation. The Foundation says it wants to make it easier for people to learn coding through a low-cost, programmable computer. It also remains the main shareholder of Raspberry Pi Ltd.Read more of this story at Slashdot.
Original Link: https://tech.slashdot.org/story/24/06/11/144251/raspberry-pi-is-now-a-public-company?utm_source=rss1.0mainlinkanon&utm_medium=feed
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