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Sony-backed computing startup heads for rare IPO in sidelined London stock market - TL;DR CNBC

Sony-backed computing startup heads for rare IPO in sidelined London stock market

Publishing timestamp: 2024-05-15 08:07:58


Summary

Raspberry Pi, a British computing startup known for making tiny single-board computers, is considering an initial public offering on the main market of the London Stock Exchange. This move is seen as a win for the U.K. stock market, which has been struggling to attract high-growth tech companies. The company plans to publish a registration document as part of the IPO process, with the goal of doubling down on its mission to enable young people to realize their potential through computing. Raspberry Pi has seen significant growth, with sales of 60 million units in over 70 countries and revenues of $265.8 million in the year ending December 2023.


Sentiment: POSITIVE

Tickers: 6758.T-JPARM

Keywords: arm holdings plctechnologybreaking news: technologybusiness newssony group corp

Source: https://www.cnbc.com/2024/05/15/sony-backed-raspberry-pi-heads-for-rare-london-ipo.html


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