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Raspberry Pi Picks Banks for IPO, Choosing London over New York

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Re: Raspberry Pi Picks Banks for IPO, Choosing London over New York

#41

Post by stavros »

thinkingemote wrote: post #37
stavros wrote: post #26

Earlier quoted context omitted.

And for the results of this, I didn't even realize Kellogg's had a charitable arm until now.

A few (many?) breakfast cereals were started by religious charities in America. Quaker being most obvious via the name. Kellogg's origin was seventh day Adventist I think. I think there was a religious component to health foods at the time. But not sure why. One popular and possibly inaccurate reason was that bland vegetarian foods decreased the bodys animal nature.

That makes sense, but, as far as I know, the charity arm might as well be nonexistent compared to the arm that aims to get kids addicted to sugar.

Re: Raspberry Pi Picks Banks for IPO, Choosing London over New York

#42

Post by stavros »

nsteel wrote: post #38
stavros wrote: post #25

Earlier quoted context omitted.

What, you aren't looking forward to your Raspberry Pi Cloud Pro Offering subscription? How else are you going to manage your Pis, Jacques?

Putting them in the cloud removes the wasted drawer space. I'm all for a cloud offering.

But what happens when it rains resistors?

Re: Raspberry Pi Picks Banks for IPO, Choosing London over New York

#43

Post by jacquesm »

maxehmookau wrote: post #6

I had no idea this was even on the cards. Do they really need to IPO? Why do they need to chance infinite stock market growth?

It's a way for them to get a lump sum in cash in the coffers of the foundation, but there are some obvious drawbacks to this.

Re: Raspberry Pi Picks Banks for IPO, Choosing London over New York

#44

Post by palata »

schappim wrote: post #31
esskay wrote: post #14

Earlier quoted context omitted.

The non-profit arm is a tiny insignificant part of their business now. They stopped being education and charity focused during covid and are only really interested in their B2B customers these days.

You've got it the wrong way around. The Raspberry Pi Foundation is a shareholder in Raspberry Pi Ltd, not vice versa. It benefits from the profits generated by the commercial arm. The commercial arm was established on 10 September 2012 [1]. [1] https://find-and-update.company-information.service.gov.uk/c...

> You've got it the wrong way around.

I don't see how it is the wrong way around: what you are saying is that they are a for-profit, and depending on how much profit they make with their business, the foundation gets more money to "play with", right?

Re: Raspberry Pi Picks Banks for IPO, Choosing London over New York

#46

Post by perbu »

esskay wrote: post #14
londons_explore wrote: post #3

Wasn't it supposed to be a charity/non profit foundation? Isn't an IPO kinda the opposite of that? Or is is the fashionable thing these days to claim to be non-profit when you're young and looking for grassroots support, only to transform when there is money to be made?

The non-profit arm is a tiny insignificant part of their business now. They stopped being education and charity focused during covid and are only really interested in their B2B customers these days.

A tiny insignificant part which owns the commerical part.

Re: Raspberry Pi Picks Banks for IPO, Choosing London over New York

#47

Post by jacquesm »

palata wrote: post #44
schappim wrote: post #31

Earlier quoted context omitted.

You've got it the wrong way around. The Raspberry Pi Foundation is a shareholder in Raspberry Pi Ltd, not vice versa. It benefits from the profits generated by the commercial arm. The commercial arm was established on 10 September 2012 [1]. [1] https://find-and-update.company-information.service.gov.uk/c...

> You've got it the wrong way around. I don't see how it is the wrong way around: what you are saying is that they are a for-profit, and depending on how much profit they make with their business, the foundation gets more money to "play with", right?

The commercial entity, just like every other commercial company that has stock has stockholders. That happens to be - in part - the foundation. If there are profits then the stockholders, including the foundation, get a pro-rata payout named a dividend.

But it can take a long time to make that scheme work at a level where the foundation can do what it would like to do so this IPO kind of gets a head start on those dividends, by selling some of the stock rather than to make a profit and wait they get some of that cash today, with the downside of being required to live in a glass house from now on and having somewhat reduced future dividends (assuming there are any).

Re: Raspberry Pi Picks Banks for IPO, Choosing London over New York

#48

Post by Dalewyn »

palata wrote: post #44
schappim wrote: post #31

Earlier quoted context omitted.

You've got it the wrong way around. The Raspberry Pi Foundation is a shareholder in Raspberry Pi Ltd, not vice versa. It benefits from the profits generated by the commercial arm. The commercial arm was established on 10 September 2012 [1]. [1] https://find-and-update.company-information.service.gov.uk/c...

> You've got it the wrong way around. I don't see how it is the wrong way around: what you are saying is that they are a for-profit, and depending on how much profit they make with their business, the foundation gets more money to "play with", right?

The similarities here with Mozilla are interesting.
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