Raspberry Pi Founder Offloads Shares Worth £1.8 Million in Strategic Move

The co-founder of Raspberry Pi and his finance chief have collectively realised over £2 million from their shareholdings following the expiry of their lock-up agreements. Eben Upton, who serves as chief executive of the pioneering microcomputer manufacturer, alongside Chief Financial Officer Richard Boult, have capitalised on the conclusion of their 365-day post-IPO trading restrictions.

Upton, aged 47, executed a sale of shares valued at £1.8 million, whilst Boult, 59, monetised holdings worth £455,000. The transactions, completed on Tuesday, were attributed to “financial planning reasons” according to company statements. The disposal represents 14 per cent of Upton’s total holding, leaving him with 2.5 million shares valued at approximately £11 million. Boult’s sale constituted roughly one-fifth of his position, retaining 476,000 shares worth over £2 million.

The share disposals triggered a 3 per cent decline in Raspberry Pi’s stock price, falling 14 pence to 444p. Despite the company’s shares having retreated by a third since the start of 2025, investors who participated in the June 2024 IPO at 280p remain substantially in profit.

Raspberry Pi, headquartered in Cambridge, emerged from Upton’s vision to address declining computer science enrolment during his tenure as director of studies at St John’s College. The company’s manufacturing operations are predominantly based in Pencoed, Wales, producing affordable, credit-card-sized computers initially designed for educational purposes. The enterprise has since evolved to supply commercial applications, including security systems, ventilation controls, and automated beverage dispensers.

The company’s market debut achieved a valuation of £541 million, marking London’s most significant listing in nearly a year. Currently valued at approximately £900 million, Raspberry Pi has secured its position within the FTSE 250. The firm reported pre-tax profits of $16.3 million on revenues of $259.5 million in 2024, compared to $38.2 million and £265.8 million respectively in 2023, with management citing “industry-wide destocking” following “exceptional” demand in the previous year.