The company, which is best known for selling low-cost hardware aimed at helping children to learn about computing, has been a UK tech success story, selling 60m units worldwide since 2012.
In an update to the market, the company said yesterday it would file a registration document to join the stock market in London, with an intention to fully list.
The business could be valued at up £500m, according to the Sunday Times, which first reported the intention to float.
The company's decision comes as welcome news for the London market, which has struggled to attract listings from big companies this year, while some of its members have moved listings to other exchanges.
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