Raspberry Pi looks set for a Spring IPO

Reports suggest that Raspberry Pi is planning an IPO in the Spring that would value it at over £370m.

According to a report in the Daily Telegraph bankers Stifel and Liberum have been hired to advise on a London float.

Earlier this year the Raspberry Pi Foundation, which is behind the low-price microprocessor Raspberry Pi, announced that it had sold stakes worth £33m to Lansdowne Partners and the Ezrah Charitable Trust.

Speaking at the time founder Eben Upton said, “We are seeing strong demand from consumers as they use our PCs to access the internet for work and entertainment, and even faster growth from industrial companies globally as they design Raspberry Pi into their innovative IoT applications.”

Raspberry Pi made a profit of £11.4 million last year on sales of 7.1 million computers with most of the money coming from licence fees paid by manufacturers.