Home » Innovation at its Finest: Raspberry Pi Makes Debut on London Stock Exchange with a Whopping Initial Valuation of £541.6 Million

Innovation at its Finest: Raspberry Pi Makes Debut on London Stock Exchange with a Whopping Initial Valuation of £541.6 Million

Raspberry Pi has entered the stock market in London today, with the stock opening price surging by 31% from the IPO price. The trading of Raspberry Pi stock is currently conditional, with general trading set to commence on Friday.

The business value at the IPO price of Raspberry Pi stands at 541.6 million pounds, slightly higher than the figures reported last month. Key investors in the company include Arm (with SoftBank holding significant shares) and Sony.

Raspberry Pi’s revenue in 2023 is projected to reach 265.8 million dollars, marking a 41% increase from the previous year. Despite the company’s products being popular among hardware enthusiasts, 72% of its main revenue comes from industry clients such as factories.

Source: CNBC

TLDR: Raspberry Pi debuts on the London stock market with a significant surge in stock price, attracting attention from key industry investors. The company’s revenue is expected to rise in 2023, driven by strong sales in both the hardware enthusiast market and industrial sectors.

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