Raspberry Pi Trading plans £370m+ stock market IPO
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Re: Raspberry Pi Trading plans £370m+ stock market IPO
#2Re: Raspberry Pi Trading plans £370m+ stock market IPO
#3So it has been admitted and they were trying to IPO as I said months ago, despite them denying it previously. [0]
Very unsurprising.
Re: Raspberry Pi Trading plans £370m+ stock market IPO
#4Maybe someone from the Raspberry Pi Foundation can explain this to me: it seems they're going corporate; is there any place left for a Raspberry Pi non-profit?
Seems a bit contradictory with recent events at HQ.
Re: Raspberry Pi Trading plans £370m+ stock market IPO
#5Ah the old "We're a non profit charity foundation for the good of all... IPO"...
Re: Raspberry Pi Trading plans £370m+ stock market IPO
#6O00oh a computer in a keyboard, that's never been done. If they start selling those keyboards, and that type of thing, I'll be shorting for some easy money.
Re: Raspberry Pi Trading plans £370m+ stock market IPO
#7Obviously, this gets handled under UK charity law, not US — but I wonder if this would fly in the US. Charities can own for-profit entities, but pay taxes on the Unrelated Business Income.
But this is closer to a for-profit hospital conversion on steroids, where the driver becomes the profit, not the the charity. There’s a very obvious conflict of interest between the charity, management, and the public investors, which could turn into a carnival for lawyers.
Re: Raspberry Pi Trading plans £370m+ stock market IPO
#8Obviously, this gets handled under UK charity law, not US — but I wonder if this would fly in the US. Charities can own for-profit entities, but pay taxes on the Unrelated Business Income. But this is closer to a for-profit hospital conversion on steroids, where the driver becomes the profit, not the the charity. There’s a very obvious conflict of interest between the charity, management, and the public investors, wh…
Related: Some US states have "public benefit corporations", that can (have to) put other goals over stockholders. Can those IPO?
Re: Raspberry Pi Trading plans £370m+ stock market IPO
#9RIP RPi.
I thought the whole idea was to produce boards, priced near cost, for educational/inspirational purposes? ie to give today's kids the same kind of intro to computers (you have to program it) as kids enjoyed with the home computers of the 80's.
The profit motive inherent to a public company does not seem compatible with that mission.
Re: Raspberry Pi Trading plans £370m+ stock market IPO
#10It would be nice if they where an open source hardware company. They don't publish the full schematics of anything, which makes it impossible to do low level programming of the thing in a reasonable manner.
I'm going to use up the hardware I bought in ignorance, and find better stuff for the future.