$40 million to be raised for engineering and sorting out the supply chain
The Initial Public Offering of Raspberry Pi is now set for June 2024, and $40 million is expected to be raised.According to the filing, the net proceeds from that $40 million will be used for engineering capital expenditures, making the supply chain more resilient and"other general corporate purposes."
Upton added:"We've hugely appreciated their support on our journey so far and are delighted that the Foundation will remain a major shareholder."
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