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Raspberry Pi to launch an Initial Public Offering (IPO)


Raspberry Pi to launch an Initial Public Offering (IPO)

Raspberry Pi Limited has submitted paperwork to the London Stock Exchange indicating that the small hobbyist computers will soon be offered by a company listed on the public market.

The filing, published on May 15, stated that Pi has shown consistent revenue growth and profitability, with a total revenue of $266 million in 2023. Raspberry Pi's products are sold in 70 countries, and the company has partnered with major tech companies like Sony and Arm.

Raspberry Pi entered the semiconductor market in 2021 with the launch of the RP2040 microcontroller. The company has a large sales network with over 100 resellers and licensing deals with manufacturer Premier Farnell.

The Raspberry Pi was introduced in 2012 as a versatile computing module. It can be used for various projects, such as DIY home automation and coding education. Eben Upton, an academic and computer scientist from the University of Cambridge, came up with the idea of the Pi. His goal was to make computers more accessible for educational use.

The Raspberry Pi has been used in a wide variety of projects, both personal and commercial, with 61 million units sold as of this February. In 2023, 72% of the company's sales went to the industrial and embedded market, showing how important Raspberry Pi is to the IoT industry.

The Raspberry Pi is used in IoT to power devices for detecting flu-like symptoms and monitoring for COVID-19 in crowds, as well as for industrial modems, routers, and network monitoring nodes.

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