'Raspberry Pi Holdings' Stock Price Nearly Doubles In December

Slashdot reader DevNull127 writes: This year the London Stock Exchange got a new listing for 'Raspberry Pi Holdings plc.' It's the computer-making commercial subsidiary of their larger educational charity, the Raspberry Pi Foundation. 'Access to the public market will enable us to build more of the products you love, faster,' explained CEO Eben Upton in June. And in May Foundation head Philip Colligan added that beyond the $50 million already donated to their educational charity by the commercial subsidiary, the IPO would allow the conversion of some stock sales to 'an endowment that we will use to fund our educational programmes... The Foundation will use any funds that we raise through the sale of shares at the IPO — or subsequently — to advance our ambitious global strategy to enable every young person to realise their full potential through the power of computing and digital technologies.'

So how's that working out? A finance site called Proactive Investors UK reports that in September Raspbery Pi Holdings plc 'reported underlying profits (EBITDA) of US$20.9 million, up by 55% from a year ago, on revenues up 61% to US$144 million... The Pi 5 single-board computer (SBC), launched at the end of last October [2023], sold 1.1 million units in the first half, with overall unit growth at 31%.'

And then in December its stock price suddenly shot up to more than double where it was at the end of November — giving Raspbery Pi Holdings plc a valuation 'just under £1.3 billion.'

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