Cambridge-based Raspberry Pi to float on London stock market

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By Holly WilliamsPA Media, Business Editor • Harriet HeywoodBBC News, Cambridgeshire

 University of Cambridge via PA Media A Raspberry Pi computer University of Cambridge via PA Media

A Raspberry Pi computer is a cheap, small device designed to teach children about programming

A computer firm has confirmed it was considering plans to list on the London stock market, a move that could value it at a reported £500m.

Cambridge-based Raspberry Pi is known for creating affordable credit card-sized computers designed to boost coding skills among children.

It said it would consider an initial public offering (IPO) on the London Stock Exchange’s main market.

If it goes ahead, it could boost London’s flagging stock market, which was hit by a swathe of UK-listed firms being bought out or defecting abroad.

Raspberry Pi was founded by computer scientist Eben Upton in 2008, and the first product was released in 2012.

It has since sold more than 60 million of its single board computers…

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