Raspberry Pi Holdings (LSE:RPI) said the Raspberry Pi Foundation intends to sell shares representing approximately 5% of the company's outstanding shares through an accelerated bookbuild that will launch immediately.
The offering is a secondary sale so Raspberry Pi Holdings will receive no proceeds, and Arm Technology Investments 2, described in the announcement as a strategic shareholder, has indicated a significant commitment to participate.
The Selling Shareholder currently holds approximately 46.64% of the company's outstanding shares and, on completion of the Placing, would hold roughly 41.64% with the remaining shares subject to a 365‑day lock‑up, subject to customary exceptions.
Jefferies International and Peel Hunt are acting as Joint Global Coordinators and Joint Bookrunners, and the timing for closing the bookbuild and the final allocation are at the absolute discretion of the managers.
