PC Maker Raspberry Pi Confirms London IPO, Eyes June Listing
- Set to sell $40 million in new shares and list on main market
- Arm and Lansdowne Partners are cornerstone investors in IPO
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British personal computer maker Raspberry Pi confirmed its plan for an initial public offering in London, marking a small step for the city that’s fallen behind a broader listings revival in Europe.
The offering will consist of new shares to raise $40 million and existing shares sold by stakeholders, the company said in a statement Wednesday. Raspberry Pi, which is controlled by a charitable foundation, expects to list on the main market of the London Stock Exchange in June, it said.