After the initial buzz around its June 2024 IPO, Raspberry Pi (RPI) seemed to be getting a few raspberries from the market as the shares drifted from their early highs.

However, over the last month the stock has advanced more than 40% to trade at record levels.

Founded by chief executive Eben Upton in 2012 with the premise of making computing ‘more accessible to young people’, Raspberry Pi designs and develops low-cost SBCs (single board computers) and computer models for industrial customers, enthusiasts and educators around the world.

On 12 November the company agreed a partnership with Italian internet-of-things specialist SECO (IOT:BIT) just ahead of the release of the latest iteration of its key product Compute Module (CM).

CM5, as it is called, is the 15th product launch this year and Peel Hunt analyst Damindu Jayaweera notes the company has hit every single milestone it promised to the market before floating. Jayaweera also observes the company has taken a collaborative approach with industrial customers in developing CM5.

The tie-up with SECO will involve bringing to market a new human-machine interface solution based on the new model. 

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