UK manufacturer of small and modular computers Raspberry Pi has confirmed its intention to float an initial public offering on the London Stock Exchange.
Raspberry Pi said it is looking to issue $40m in new shares alongside existing shares set to be sold by certain shareholders, including Raspberry Pi Mid Co Limited, a wholly owned subsidiary of the Raspberry Pi Foundation, which is Raspberry Pi's existing majority shareholder. Up to 10% of the ordinary shares expected to be sold by Raspberry Pi Foundation will only be made available through an over-allotment option. London remains 'key destination' for IPOs The IPO will also launch with agreements with existing shareholders Arm and Lansdowne Partners to purchase $35m and up to $20m...
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