buy, buy, buy
Cocaine officials at the London Stock Exchange are completely obsessed with Raspberry PI this year.
For those of you who joined late, this year Raspberry Pi Holdings plc, the commercial arm of the Raspberry Pi Foundation, was listed on the exchange.
CEO Eben Upton correctly predicted that access to the public markets would allow us to develop more products faster. And the vision extends beyond profit.
Philip Corrigan, chairman of the Raspberry Pi Foundation, said in May that the IPO would allow the company to convert proceeds from stock sales into “donations that will be used to fund educational programs.”
The foundation has already received $50 million from commercial subsidiaries, and the funds raised will help its world “enable all young people to reach their full potential through the power of computing and digital technology.” The purpose is to advance the mission of
So far, the results are promising. Proactive Investors UK reported in September that Raspberry Pi Holdings plc achieved underlying earnings (EBITDA) of $20.9 million in the first half of 2024. This is a 55% increase over the previous year.
Sales rose 61% to $144 million, driven by strong demand for the Pi 5 single-board computer, which was launched in October 2023 and sold an impressive 1.1 million units in the first half of the year. Ta. Overall unit sales increased by 31%.
The company’s stock price reflects this growth. Its valuation soared to just under £1.3 billion in December, more than doubling since the end of November.
