News & Analysis

Raspberry Pi Holdings plc now listed on the London Stock Exchange

11th June 2024
Paige West
0

Today, Raspberry Pi has listed on the London Stock Exchange, as Raspberry Pi Holdings plc.

The company states on its website that “this is a watershed moment for Raspberry Pi”, and the start of a new phase in its evolution. Access to the public market will enable the company to build more of the products engineers love, faster. Plus, the money raised by the Raspberry Pi Foundation in the IPO will support its ambitions for global impact in its second decade.

Over the years, Raspberry Pi has achieved significant milestones as a company, Foundation, and movement. It has:

  • Designed PCBs
  • Written software
  • Taped out chips
  • Published magazines
  • Filed patents
  • Trained teachers
  • Run after-school clubs

Its products have journeyed to space, the ocean's depths, and remote locations around the globe.

It has sold over 60 million low-cost, high-performance, general-purpose Raspberry Pi computers. These have been embraced by enthusiasts, educators, and industrial and embedded customers, who now account for over two-thirds of the company’s sales.

The widespread availability of these computers, coupled with curriculum reform and teacher training initiatives led by the Foundation, has reignited interest in computing among young people.

Eben Upton, CEO and Founder, Raspberry Pi said: “Just like a major product launch, our IPO has been a whole-company effort.

“I would like to thank the boards, employees, and contractors of Raspberry Pi and the Raspberry Pi Foundation, and in particular the finance, communications, web, and transaction teams; our banks: Peel Hunt and Jefferies; our advisors: Linklaters, Grant Thornton, PwC, Deloitte, Swan Partners, and Alma; the London Stock Exchange, the FCA, the Charity Commission, and the UK Government; and our strategic, financial, and retail investors for the trust you have placed in us.

“Special mentions go to Philip Colligan, Raspberry Pi Foundation CEO, fellow Welshman, and voice of reason in challenging times; and to Martin Hellawell, who joined us as non-executive chairman in 2019, and who has done more than anyone else to get us match-fit for the public market.

“And of course, I’d like to thank my wife and co-founder Liz, who has been here since the start, and without whom nobody would have heard of Raspberry Pi. Raspberry Pi, the company and the Foundation, are dwarfed by the community that has grown up around us; and that community would not exist without Liz’s vision, and the team she has built.

“It’s been an incredible journey so far. And while today is a remarkable day, it’s also in a very real sense just another day on that journey. There’s a lot more road ahead of us than there is behind.”

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