Raspberry Pi expected to price IPO at top end of range

Raspberry Pi appears to be in demand ahead of its upcoming London IPO, with the single-chip  PC maker set to price the share sale at ‘the top end’ of its pricing range.

The IPO is expected to price at 280p, according to latest financial media reports.

At that level, the IPO will capture £179 million of proceed, and set an implied valuation of £540 million – just over £31 million of new capital is expected to raise from the sale of new shares.

The share offering is said to be ‘already oversubscribed’, ahead of next Friday’s float.

The IPO, confirmed last month, is supported by Lansdown Partners and Arm Technology Investments. Arm Holdings PLC, the British semiconductor giant, supplies Raspberry Pi’s processing units.

This new listing is seen as a positive development for the London Stock Exchange, which has faced a challenging environment for new listings in 2023.