Raspberry Pi Foundation boss waves off listing rumours, says biz discussions may have been 'over-interpreted'
(2021/03/15)
- Reference: 1615823229
- News link: https://www.theregister.co.uk/2021/03/15/pi_not_listing/
- Source link:
Eben Upton, founder of the Raspberry Pi Foundation, has dismissed speculation over a possible stock market float, telling The Register : "It's not something we're actively pursuing."
Over the weekend a report in UK national newspaper [1]The Telegraph suggested a potential floatation of the foundation was in the works. A valuation of £300m was mooted.
[2]
The computer maker is a UK success story and has been on a roll in recent months, launching the computer-in-a-keyboard [3]Pi 400 and dipping a toe in the microcontroller market with the [4]Pico .
Remember when the keyboard was the computer? You can now relive those heady days with the Raspberry Pi 400 [5]READ MORE
[6]
The eponymous Raspberry Pi computer, the original version of which was [7]launched just over nine years ago , is nearing the 40 million mark for units sold.
As well as landing in the educational sector, the diminutive machines have found their way into the corporate world and have attracted a devoted following of tinkerers thanks to the ease with which hardware can be added via the general purpose input/output (GPIO) connectors.
A pair of the computers (in [8]Astro Pi guise) were sent to the International Space Station (ISS) as part of British ESA astronaut Tim Peake's [9]2015-2016 Principia mission . The duo run student code utilising the sensors fitted to the hardware. The project has continued over the years since, and a fresh set of 256GB SD cards [10]were launched on the recent NG-15 Cygnus cargo mission.
"Of course," said Upton of the floatation rumours, "we speak to advisors all the time about how we might fund the future growth of the business." He then pondered if one of those chats might have been "over-interpreted" somewhat.
The foundation itself appears to be in rude health despite some [11]well-documented hiccups around its Pi 4 flagship in the USB-C and heating departments. Upton told us back in January that one particular challenge was keeping the channel fed amid supply chain challenges; today he remarked that keeping the popular products on the shelves remained tricky.
[12]
"Nice problem to have," he added. ®
Get our [13]Tech Resources
[1] https://www.telegraph.co.uk/business/2021/03/13/raspberry-pi-maker-mulls-listing-tap-esg-investors/
[2] https://pubads.g.doubleclick.net/gampad/jump?co=1&iu=/6978/reg_onprem/personaltech&sz=300x50%7C300x100%7C300x250%7C300x251%7C300x252%7C300x600%7C300x601&tile=2&c=2YE@SqVqDzwg5MVOsY@nFggAAAEA&t=ct%3Dns%26unitnum%3D2%26raptor%3Dcondor%26pos%3Dtop%26test%3D0
[3] https://www.theregister.com/2020/11/02/pi-400/
[4] https://www.theregister.com/2021/01/21/pi_pico/
[5] https://www.theregister.com/2020/11/02/pi-400/
[6] https://pubads.g.doubleclick.net/gampad/jump?co=1&iu=/6978/reg_onprem/personaltech&sz=300x50%7C300x100%7C300x250%7C300x251%7C300x252%7C300x600%7C300x601&tile=3&c=33YE@SqVqDzwg5MVOsY@nFggAAAEA&t=ct%3Dns%26unitnum%3D3%26raptor%3Deagle%26pos%3Dmid%26test%3D0
[7] https://www.theregister.com/2011/05/06/david_braben_raspberry_pi/
[8] https://astro-pi.org/
[9] https://www.theregister.com/2016/06/17/tim_peake_return_earth/
[10] https://twitter.com/ESA__Education/status/1365315700391370757
[11] https://www.theregister.com/2019/07/10/pi_4_usb_c/
[12] https://pubads.g.doubleclick.net/gampad/jump?co=1&iu=/6978/reg_onprem/personaltech&sz=300x50%7C300x100%7C300x250%7C300x251%7C300x252%7C300x600%7C300x601&tile=4&c=44YE@SqVqDzwg5MVOsY@nFggAAAEA&t=ct%3Dns%26unitnum%3D4%26raptor%3Dfalcon%26pos%3Dmid%26test%3D0
[13] https://whitepapers.theregister.com/
Over the weekend a report in UK national newspaper [1]The Telegraph suggested a potential floatation of the foundation was in the works. A valuation of £300m was mooted.
[2]
The computer maker is a UK success story and has been on a roll in recent months, launching the computer-in-a-keyboard [3]Pi 400 and dipping a toe in the microcontroller market with the [4]Pico .
Remember when the keyboard was the computer? You can now relive those heady days with the Raspberry Pi 400 [5]READ MORE
[6]
The eponymous Raspberry Pi computer, the original version of which was [7]launched just over nine years ago , is nearing the 40 million mark for units sold.
As well as landing in the educational sector, the diminutive machines have found their way into the corporate world and have attracted a devoted following of tinkerers thanks to the ease with which hardware can be added via the general purpose input/output (GPIO) connectors.
A pair of the computers (in [8]Astro Pi guise) were sent to the International Space Station (ISS) as part of British ESA astronaut Tim Peake's [9]2015-2016 Principia mission . The duo run student code utilising the sensors fitted to the hardware. The project has continued over the years since, and a fresh set of 256GB SD cards [10]were launched on the recent NG-15 Cygnus cargo mission.
"Of course," said Upton of the floatation rumours, "we speak to advisors all the time about how we might fund the future growth of the business." He then pondered if one of those chats might have been "over-interpreted" somewhat.
The foundation itself appears to be in rude health despite some [11]well-documented hiccups around its Pi 4 flagship in the USB-C and heating departments. Upton told us back in January that one particular challenge was keeping the channel fed amid supply chain challenges; today he remarked that keeping the popular products on the shelves remained tricky.
[12]
"Nice problem to have," he added. ®
Get our [13]Tech Resources
[1] https://www.telegraph.co.uk/business/2021/03/13/raspberry-pi-maker-mulls-listing-tap-esg-investors/
[2] https://pubads.g.doubleclick.net/gampad/jump?co=1&iu=/6978/reg_onprem/personaltech&sz=300x50%7C300x100%7C300x250%7C300x251%7C300x252%7C300x600%7C300x601&tile=2&c=2YE@SqVqDzwg5MVOsY@nFggAAAEA&t=ct%3Dns%26unitnum%3D2%26raptor%3Dcondor%26pos%3Dtop%26test%3D0
[3] https://www.theregister.com/2020/11/02/pi-400/
[4] https://www.theregister.com/2021/01/21/pi_pico/
[5] https://www.theregister.com/2020/11/02/pi-400/
[6] https://pubads.g.doubleclick.net/gampad/jump?co=1&iu=/6978/reg_onprem/personaltech&sz=300x50%7C300x100%7C300x250%7C300x251%7C300x252%7C300x600%7C300x601&tile=3&c=33YE@SqVqDzwg5MVOsY@nFggAAAEA&t=ct%3Dns%26unitnum%3D3%26raptor%3Deagle%26pos%3Dmid%26test%3D0
[7] https://www.theregister.com/2011/05/06/david_braben_raspberry_pi/
[8] https://astro-pi.org/
[9] https://www.theregister.com/2016/06/17/tim_peake_return_earth/
[10] https://twitter.com/ESA__Education/status/1365315700391370757
[11] https://www.theregister.com/2019/07/10/pi_4_usb_c/
[12] https://pubads.g.doubleclick.net/gampad/jump?co=1&iu=/6978/reg_onprem/personaltech&sz=300x50%7C300x100%7C300x250%7C300x251%7C300x252%7C300x600%7C300x601&tile=4&c=44YE@SqVqDzwg5MVOsY@nFggAAAEA&t=ct%3Dns%26unitnum%3D4%26raptor%3Dfalcon%26pos%3Dmid%26test%3D0
[13] https://whitepapers.theregister.com/
Re: Silicon valley / fen
AMBxx
Are you interested in buying 0.00000000001% of my company for £1? I just want to tell my friends that I'm a billionaire.
Anonymous Coward
It sounds like the beginning of the end for the Pi. Takeover usually follows the flotation of UK companies right?
A Non e-mouse
If you've bother to read the headline correctly, let alone the article, you'd realise why your comment is just noise.
Anonymous Coward
Do you really think he'd admit it to the Register? I hope you're right. The Pi is a fine company and a rare UK tech success
Speculation Factory
Lon24
Fantasy Management:
Howsabout RaspberryPi Foundation took over Nominet? A management that knows how to become a global success and deliver product to strict pricing points without the profit motive. It isn't possible but it ought to be.
A Nominet Member
Silicon valley / fen
They would have launched a SPAC instead of a product and be valued at $10Bn (merely a $Bn isn't impressive anymore)