Raspberry Pi prepares for IPO

Raspberry Pi prepares for IPO

Business news |
By Nick Flaherty

Raspberry Pi is comprised of two parts; the Raspberry Pi Foundation, which is a not-for-profit charity working with adults and young people and Raspberry Pi Ltd. formerly known a Raspberry Pi (Trading) Ltd, which sells the popular low-cost boards and ancilliary equipment and outsources manufacturing to Sony in Wales.

The company recently raised $45m (€38m, £33m) to expand production from Lansdowne Partners and the Ezrah Charitable Trust in a deal that reportedly valued the entity at $500 million (about £375 million).

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In the past Raspberry Pi (Trading) Ltd. has donated its entire net profit to the Raspberry Pi Foundation to fund the organization and continue with its educational work. If Raspberry Pi Ltd. is the entity that will seek to IPO it raises questions about how the Raspberry Pi Foundation will be funded in the future.

Raspberry Pi Ltd. adopted its new name on November 12 2021.

In the financial year to 31 December 2020 Raspberry Pi (Trading) Ltd. made a net profit of £10.7 million on sales revenues of £71.7 million. The profit was up from £5.2 million in the previous year on sales that were up 81 percent from £39.6 million in the previous year.

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