Raspberry Pi, the British maker of cheap, tiny computers, plans to go public in London, in a boost to the UK stock market at a time when it has struggled to attract growing tech companies.
The Cambridge-based maker of computer modules and low-cost computers for industrial users, enthusiasts and educators said it would seek a listing on the main market of the London Stock Exchange. It expects to publish a registration document later on Wednesday.
The company hopes to seek a market valuation of about $630mn (£500mn), according to a person familiar with its plans, after being priced at $560mn in a private investment last year when UK chip designer Arm took a stake.
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