Computer maker Raspberry Pi has confirmed its intentions for an IPO in London in a much-needed boost to the capital’s ailing stock exchange.
The Cambridge-based business, which makes small single-board computers, said it hopes to use funds raised to invest in its sales arm to take products into more markets as well as build its design consultancy business. The firm said it had a current total addressable market of around £17 billion, “reflecting a substantial opportunity for it to capitalise on and sustain its strong growth trajectory.”
