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Raspberry Pi prepares for London listing

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Raspberry Pi, the British maker of computer modules and low-cost computers for industrial users, enthusiasts and educators, is considering a flotation in London.

The company said it would seek a listing on the main market of the London Stock Exchange and would publish a registration document later on Wednesday.

Raspberry Pi began trading in 2012 and has since sold more than 60mn single-board computers and computer modules, it said. It sold 7.4mn units last year for $266mn, of which 72 per cent were to industrial customers and the rest to enthusiasts and educators.

Jefferies International and Peel Hunt have been engaged as joint bookrunners.

This is a developing story.

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