For those who came in late, this year Raspberry Pi Holdings plc, the commercial arm of the Raspberry Pi Foundation listed on the exchange.

CEO Eben Upton correctly predicted that access to the public market will enable the company to build more of the products faster. And the vision extends beyond profits.

Philip Colligan, head of the Raspberry Pi Foundation, explained in May that the IPO would enable the conversion of stock sale proceeds into "an endowment that we will use to fund our educational programmes."

The Foundation has already received $50 million from its commercial subsidiary, and the funds raised aim to drive its global mission: "to enable every young person to realise their full potential through the power of computing and digital technologies."

So far, the results have been promising. Proactive Investors UK reported in September that Raspberry Pi Holdings plc achieved underlying profits (EBITDA) of $20.9 million for the first half of 2024 — a 55 per cent increase from the previous year.

Revenue surged 61 per cent to $144 million, fueled by strong demand for the Pi 5 single-board computer, which launched in October 2023 and sold an impressive 1.1 million units in the first half of the year. Overall unit sales grew 31 per cent.

The company’s stock price has reflected this growth. In December, its valuation soared to just under £1.3 billion, more than doubling its price from the end of November.