The company behind the Raspberry Pi started with a huge success on the stock market. Thousands of investors were eager to acquire the new shares. But why is such a tiny computer, costing around 30 euros, so popular?
When was the IPO? On June 10, 2024, Raspberry Pi went public. The company was founded in 2012 as a commercial entity by the Raspberry Pi Foundation.
The IPO was a huge success: Raspberry Pi shares rose by up to 40% in early trading, before slightly retreating around noon to 3.85 British pounds (around 5 euros), which was still about 38% above the initial price. The IPO valued the startup at almost 542 million pounds (650 million euros). This was reported by our colleagues at CNN.com.
Raspberry Pi has a large fan base, especially its affordable price made it a hit
What makes the Raspberry Pi so popular? The Raspberry Pi is not much larger than a credit card and is a single-board computer. Theoretically, you don’t need more than an SD card with an operating system, and you can already use the mini-PC. Today, the mini-computer is used in numerous systems:
From screens to power control systems to smart speakers and robots, the board is used almost everywhere. Additionally, the small computer has a huge fan base and community and is purchased for thousands of DIY projects.
Another advantage is the low price: For a long time, the Raspberry Pi cost no more than 50 euros, and entry-level boards can be found for around 30 euros. However, since the Raspberry Pi 5, prices for the single-board system have also significantly increased.
What’s next for the Raspberry Pi? The company behind the Raspberry Pi plans to invest the money raised into the development of its products and the expansion of its educational activities.
The latest model, the Raspberry Pi 5, was released in October 2023. Therefore, it is unlikely that a successor will appear anytime soon. The current model costs around 70 euros in the 8 GB version, which is quite a bit for a Raspberry Pi.
And some have been criticizing for some time that the company, which primarily grew through the community, is no longer taking the community seriously enough and is more interested in large customers and their money. The inexpensive models from 4 or 5 years ago are now a far cry. Back then, they promoted low prices because they primarily targeted schools and institutions with the Raspberry.
A mini-PC in apple size: MeinMMO editor Benedikt Schlotmann bought a mini-PC so that the gaming PC doesn’t have to run all day. And this has proven worthwhile for several reasons: My new PC is the size of 2 apples and saves me 10 euros in electricity costs every month
