Raspberry Pi Makes Debut on London Stock Exchange, Shares Surge 43% in IPO

Company generated £266 million in revenue and £66 million in gross profit in 2023
Founded by Eben Upton with the goal of making computing more accessible to young people
Raspberry Pi generates most of its revenue from industrial and embedded segment
Raspberry Pi made its debut on the London Stock Exchange on June 12, 2024
Shares soared up to 43% during trading hours
Raspberry Pi Makes Debut on London Stock Exchange, Shares Surge 43% in IPO

Raspberry Pi, the British tech firm known for its low-cost computers popular among hobbyists and educators, made its debut on the London Stock Exchange on June 12, 2024. The company's shares soared during trading hours, with a surge of up to 43% at one point.

Raspberry Pi became the first tech firm to raise over £100 million in London since video-game maker Devolver Digital went public in 2021. The company had a market capitalization of approximately £542 million after its IPO.

The Cambridge-based company's shares were priced at £2.80 per share, but they quickly gained value during trading hours. According to reports, the stock reached as high as £4.30 per share before settling down.

Raspberry Pi is known for its tiny computers that can be programmed to perform various tasks without requiring much power or money. These ARM-based computers have gained popularity among tech hobbyists and industrial customers alike.

The company reportedly generates most of its revenue from the industrial and embedded segment, which represents 72% of its sales. In 2023 alone, Raspberry Pi generated £266 million in revenue and £66 million in gross profit.

Raspberry Pi was founded in 2012 by Eben Upton with the goal of making computing more accessible to young people. The company's IPO marks a significant milestone for the firm, which has sold over 60 million units since its inception.

The London Stock Exchange welcomed Raspberry Pi's listing as a win for the struggling market, which has been criticized for its lack of technology listings. The city's stock market has faced competition from other European and US markets, with many UK tech companies choosing to go public elsewhere.

Raspberry Pi is not the only British tech firm to make headlines recently. In 2023, chipmaker Arm Holdings raised £31 billion in its IPO on the Nasdaq stock exchange, making it the biggest technology listing in history at that time.

Despite its success, Raspberry Pi remains committed to its mission of making high-performance computing accessible to everyone. The company's IPO proceeds will be used to develop new products and expand educational activities.


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Confidence

91%

Doubts
  • Is the revenue and gross profit figure for 2023 accurate?
  • Was the surge in share price sustained or just a temporary spike?

Sources

97%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

Raspberry Pi stock surges after London IPO

The Register Richard Speed Tuesday, 11 June 2024 00:00
  • Unique Points
    • Raspberry Pi went public on the London Stock Exchange on Tuesday
    • Shares were initially priced at £2.80 ($3.57) but surged to £3.90 ($4.97) during early trading.
    • The offer size came to £166 million ($211 million), representing 30.7% of the company’s ordinary shares.
  • Accuracy
    • Raspberry Pi raised £166 million ($211 million) from the IPO.
    • The offer size came to £166 million ($211.6 million), representing 30.7% of the company’s ordinary shares.
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (95%)
    The article contains some instances of inflammatory rhetoric and an appeal to authority, but no formal or blatant logical fallacies were found. The author expresses mixed feelings about the IPO and quotes other users' opinions without committing a fallacy himself.
    • ] Europe is still the Raspberry Pi's largest market, accounting for 38 percent of units sold. [
    • Pi supremo Eben Upton was delighted with how things have gone so far and said in a statement: ['The reaction that we have received is a reflection of the world-class team that we have assembled and the strength of the loyal community with whom we have grown.']
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (100%)
    None Found At Time Of Publication

97%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

Why investors are going gaga over a tiny, $35 computer

CNN News Site: In-Depth Reporting and Analysis with Some Financial Conflicts and Sensational Language Anna Cooban Tuesday, 11 June 2024 15:51
  • Unique Points
    • Raspberry Pi went public on the London Stock Exchange on Tuesday
    • Raspberry Pi stock soared up to 40% in early trade
    • The IPO valued Raspberry Pi at nearly £542 million ($689 million)
    • Industrial customers buy more than 70% of Raspberry Pi’s computers
  • Accuracy
    • Shares were initially priced at £2.80 ($3.57) but surged to £3.90 ($4.97) during early trading.
    • The offer size came to £166 million ($211 million)
    • Unconditional trading is set to start on June 14.
    • A top-of-the-range Raspberry Pi 5 costs approximately £80 ($102)
    • 72% of Raspberry Pi’s SBC and Compute Module sales went to industrial and embedded customers.
    • Europe is the largest market for Raspberry Pi, accounting for 38% of units sold.
    • Pi supremo Eben Upton expressed delight with the company’s success and welcomed new shareholders.
    • The Raspberry Pi charitable foundation is a major shareholder and stands to receive a cash boost thanks to the IPO.
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (95%)
    The article contains an appeal to authority fallacy when it states 'The University of Cambridge declared one of the company's computers the best-selling computer to come out of the UK.' This statement is used as evidence that Raspberry Pi's computers are successful and in demand. However, this statement alone does not provide sufficient evidence for this claim and is therefore an appeal to authority fallacy.
    • The University of Cambridge declared one of the company's computers the best-selling computer to come out of the UK.
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (100%)
    None Found At Time Of Publication

98%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

British PC Maker Raspberry Pi Soars in London Trading Debut

Yahoo Finance Henry Ren Wednesday, 12 June 2024 02:06
  • Unique Points
    • Raspberry Pi is the first tech firm that raised $100 million or more in London since video-game maker Devolver Digital Inc. went public in 2021.
    • The company, which makes low-cost computers popular among hobbyists and educators, had a market capitalization of about £542 million.
  • Accuracy
    No Contradictions at Time Of Publication
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (100%)
    None Found At Time Of Publication
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (100%)
    None Found At Time Of Publication

98%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

Raspberry Pi is now a public company

TechCrunch Romain Dillet Tuesday, 11 June 2024 11:08
  • Unique Points
    • Raspberry Pi priced its IPO on the London Stock Exchange at £2.80 per share, valuing it at £542 million or $690 million.
    • Retail investors cannot buy Raspberry Pi shares yet, but will be able to starting on Friday.
  • Accuracy
    No Contradictions at Time Of Publication
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (95%)
    The author makes several statements in the article that are factual and do not contain any fallacies. However, there is one instance of an appeal to authority when the author mentions that 'ARM previously said it intended to increase its stake in Raspberry Pi via the public listing.' This statement implies that ARM's intention is a reason for confidence in the success of Raspberry Pi as a public company, but it does not necessarily guarantee that outcome.
    • ARM previously said it intended to increase its stake in Raspberry Pi via the public listing.
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (100%)
    None Found At Time Of Publication

97%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

Computing firm Raspberry Pi pops 38% in rare London market debut

CNBC News Arjun Kharpal Tuesday, 11 June 2024 06:08
  • Unique Points
    • Raspberry Pi was established in 2012 by Eben Upton to make computing more accessible to young people
    • Industrial customers buy more than 70% of Raspberry Pi’s computers
  • Accuracy
    No Contradictions at Time Of Publication
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (100%)
    None Found At Time Of Publication
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (100%)
    None Found At Time Of Publication