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Wednesday, May 29, 2024

Raspberry Pi goes public to broaden its vary of tiny computer systems

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British minicomputer producer Raspberry Pi has introduced plans to file for a UK inventory market itemizing, saying the initial public offering would enable the corporate to broaden its present expertise pool and product choices.

A fundraising spherical in 2023 led by UK chip maker Arm Holdings beforehand valued Raspberry Pi at round £444 million (about $561 million), although that determine has since probably risen to roughly £500 million (about $630 million) according to The Times.

Raspberry Pi is hoping to make use of that money to pay extra engineers, convey facets of its semiconductor design course of in-house, and introduce new, costlier product variants that “higher serve Raspberry Pi’s prospects’ wants.” The Raspberry Pi Basis, the pc science schooling charity that serves as Raspberry Pi’s guardian firm, will stay the corporate’s majority shareholder.

“Once we launched our first product in 2012, our aim was to offer a pc that was inexpensive sufficient for younger individuals to personal and discover with confidence,” Raspberry Pi CEO and founder Eben Upton stated within the firm’s submitting, including that the corporate now has the “expertise roadmap to play an more and more important position” within the computing business.

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