The Raspberry Pi Foundation, renowned for its affordable mini computers, has announced plans to potentially list on the London Stock Exchange. This move could value the Cambridge-based company at a substantial £500 million.

The announcement comes at a crucial time for the London Stock Exchange, which has seen a number of UK-listed firms either being acquired or relocating abroad. Raspberry Pi’s initial public offering is expected to invigorate the market, highlighting London’s appeal as a hub for innovative technology companies.

Since the release of its first product in 2012, the company has sold over 60 million of its single-board computers, demonstrating the widespread appeal and versatility of its devices.

In 2023, Raspberry Pi reported impressive revenues of $265.8 million (£211.1 million) with profits reaching $37.5 million (£29.8 million).

Upon listing, Raspberry Pi anticipates receiving the London Stock Exchange's Green Economy Mark, an accolade for companies that derive 50% or more of their revenues from environmental solutions. This recognition aligns with the company’s ethos of providing high-performance, low-cost computing solutions in an increasingly connected world.