'Raspberry Pi Holdings' Stock Price Nearly Doubles In December (proactiveinvestors.co.uk) 6
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."
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."
Baloney (Score:2)
"to advance our ambitious global strategy to enable every young person to realise their full potential through the power of computing and digital technologies."
Then why is a raspberry pi $50 ? It should be reducing in price .. not increasing. Come up with ways to make it much cheaper. Also displays/monitors.
We need to aim for $35 per whole computer, 13 inch HD monitor included, by 2030. I really think it's doable.
RPi Stock.. (Score:3)
I looked into acquiring some of their stock when the IPO was pending. What I found was it appeared to be structured in such a way as to move certain connected groups and individuals to the front of the line. Individual investors were locked out for a period of days or weeks as I remember. At which point I concluded it was some typical British classist swindle and lost interest.
I also decided to skip the RPi 5... There are plenty of other players now in this space, and some of them actually take network interfaces seriously, so they are more aligned with my use cases anyway.
T
Overwhelming lack of interest? (Score:2)
Just adding the fifth comment as the story expires. Sure wasn't expecting any Funny on the topic, but seeing what isn't there can sometimes be revealing. As in the interest in RPH that isn't on Slashdot...
Pi Passed for Open-Souce without Actually Being (Score:2)