The wait is over! Raspberry Pi Ltd, the trading subsidiary of the Raspberry Pi Foundation has confirmed a June 2024 date for its $40 million Initial Public Offering (IPO). The confirmation comes via a Confirmed Intention to Float document published on the London Stock Exchange (LSE).
The IPO is comprised partly of existing shares being sold to certain shareholders which includes the "Principal Shareholder" which is "Raspberry Pi Mid Co Limited" a wholly owned subsidiary of the Raspberry Pi Foundation and has Raspberry Pi Foundation CEO Philip Colligan as a director. New shares will be issued for sale by Raspberry Pi as a means to raise $40 million which will be used for engineering capital expenditure, to enhance the Raspberry Pi supply chain, and for general corporate purposes.
