British low-cost computer hardware group Raspberry Pi is looking at a £500million flotation on the London Stock Exchange, with shares to be made available to both retail and institutional investors.

Raspberry Pi has hired broker Peel Hunt and investment bank Jeffries to work on its initial public offer (IPO), which will see new and existing shares offered to buyers. It said that the IPO should provide a good payday for its majority shareholder, the technology education charity the Raspberry…