An anonymous reader cites a report from Ars Technica. The Raspberry Pi business is preparing for an initial public offering (IPO) in London. CEO Eben Upton told Ars that an IPO would allow Raspberry Pi's nonprofit arm to grow “at least twice as much.” Raspberry Pi enthusiasts are “justified” to be concerned, but “while I've been running Raspberry Pi, I don't expect people to see any changes in the way we do things.” CEO Eben Upton said in an interview with Bloomberg News that Raspberry Pi has appointed bankers from London firms Peel Hunt and Jefferies to prepare for “when the IPO market reopens.” Admitted.
Raspberry previously raised funding from Sony and semiconductor and software design firm ARM, and also sought public investment. Although Upton denied or did not completely deny rumors of a 2021 IPO, Bloomberg reported that Raspberry Pi is considering an early 2022 IPO. Raspberry Pi was valued at around £400m after ARM acquired a minority stake in the company in November 2023. That's over $500 million. Given the company's gradual recovery from supply chain shortages caused by the pandemic and the successful launch of the Raspberry Pi 5, the company's IPO is likely It is likely to significantly exceed that level. “Business is in much better shape than the last time we looked at it,” Upton told the Register. [an IPO]. Due to bad market conditions, we have canceled some of them. “And we partially discontinued it because our business became unpredictable.” “In terms of people being interested in us, that's a good thing,” Upton said, worried He spoke in response to enthusiasts and technology enthusiasts. [builds] “It's a product that we want to buy, and we're selling it to people like us,” Upton said. important. ”
Upton said the IPO is “about the foundation” and its philanthropic arm will sell some of its majority stake in the entity to raise money and expand. “We haven't invented a new way for nonprofits to do an IPO, no,” he noted. [He told Ars that Raspberry Pi’s business arm has had both strategic and private investors in its history, along with a majority shareholder in its Foundation (which in 2016 owned 75 percent of shares), and that he doesn’t see changes to what Pi has built. He also noted that the foundation was previously funded by dividends from the business side.]
“We made this deal, and the proceeds from that deal will allow the foundation to train teachers, run clubs, and expand its programs. We can do these things at least twice as much. That's what I'm most excited about.'' ” Upton said there was “no change” to the types of products Pai makes and that the manufacturer is “culturally important to us.” […] “If people think an IPO means we're going to push up prices, push up margins, push down feature sets, then the only answer we can give is, watch us. .Keep monitoring,” he said. “Let's look at it in 15, 20 years.”
