Raspberry Pi has chosen to float in London in a boost for the UK public markets.

The Cambridge firm, behind low-cost miniature computers used extensively in education, could list within the next 10 days.

According to a Sunday Times report, the IPO this month could value the company at up to £500 million.

The Raspberry Pi Foundation – a charity founded to empower young people through computing and digital technologies – holds a majority stake in the business.

Chipmaking giant Arm, Sony – which manufactures the Pi computer boards at its factory in south Wales – Lansdowne Partners and Ezrah Charitable Trust are among its other investors.

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Launched to the market in 2012, Raspberry Pis – now in their fifth generation – are used widely in education and also have many other applications, such as powering retro gaming systems.

Founded by computer scientist Eben Upton, Raspberry Pi employs almost 100 people. In 2022 it generated £154m, with operating profit of £16m.

The company originally planned to list in 2021 but that decision was delayed due to worsening market conditions and global chip shortages.

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