On May 23, Raspberry Pi Ltd. submitted documents to the London Stock Exchange yesterday, confirming its intention to conduct an IPO on the exchange. The company plans to officially go public in June this year.
Raspberry Pi Limited plans to raise US$40 million (IT Home Note: currently approximately RMB 290 million) by issuing new shares. At the same time, existing shareholders, including its largest shareholder, the Raspberry Pi Foundation, will also sell part of their shares.
Arm made a small strategic investment in Raspberry Pi Limited in 2023 to further deepen the partnership between the two parties.
In this IPO, Arm will further expand its stake in Raspberry Pi Ltd. and purchase US$35 million (currently approximately RMB 254 million) of shares.
In addition to Arm, institutional investor Lansdowne has also signed a cornerstone investment agreement with Raspberry Pi Limited, agreeing to purchase up to US$20 million (currently approximately RMB 145 million) of shares.
The funds raised from this IPO will be used for Raspberry Pi's engineering capital expenditures, enhancing Raspberry Pi's supply chain resiliency and other general business purposes.
Martin Hellawell, non-executive chairman of Raspberry Pi, said in the filing:
We are delighted to confirm our intention to list on the London Stock Exchange, underlining our confidence in the UK as a home for innovative and growing global businesses.
Raspberry Pi is a UK computing success story and this marks the next stage in the company’s development.
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