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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

#21
post #18

Earlier quoted context omitted.

Yeah... I have major concerns about how significantly this would impact their ostensible goals. What guarantee is there that the newly publicly listed company won't be pressured by stockholders to improve the profit margins by driving up prices and reducing product quality on both the hardware and software fronts.

> What guarantee is there that the newly publicly listed company won't be pressured by stockholders to improve the profit margins by driving up prices and reducing product quality on both the hardware and software fronts. Isn't that what a public typical company do these days anyway? Or is there a sarcasm tone I am missing somehow?

That’s my point. They are ostensibly setup to primarily be a charity even if there’s a commercial organisation buried in the business structure (like Mozilla and a few other corps) … while the charity is in control the mission is simple, the charity is the owner and the owners of a company make the decisions.

Shifting to publicly listed means the owners are now the shareholders, it’s rare that public shareholders have zero board of directors representation, which is why I fear this is basically going to kill everything the Raspberry Pi Foundation have worked to build … the only question in my mind is how fast this kills it, I just can’t see how this won’t result in shareholders pressuring the company into compromising in the name of raw profit or whatever else is necessary for them to raise the stock price so the investors can get some profit.

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

#23

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?

from memory there are three parts of what we think as Pi 1) the foundation, that does all the outreach, education and magazines 2) The commercial part (the actually makes the pis) 3) R&D but it might be only two. Either way I assume only the commercial part will float, leaving the foundation as the majority shareholder. It has the advantage of giving the foundation a couple of hundred million, which should allow it t…

> 1) the foundation, that does all the outreach, education and magazines

Doesn't that count as marketing?

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

#24
post #16
post #9

To clarify, this is Raspberry Pi Ltd (formerly Raspberry Pi Trading Ltd), a subsidiary of the Raspberry Pi Foundation (the charity). I'm curious how this will affect the foundation's mission, but I guess they are already affected by the outside investments from previous fundraising rounds.

For an example of the long-term effects on mission, you can study Kellogg’s (the cereal company) which has been a for-profit public company (Kellogg Company), with a trust as the majority shareholder (W.K Kellogg Foundation Trust), and sending profits to to a non-profit charitable organization (W.K. Kellogg Foundation) since 1934.

Why not look at OpenAI? A non profit owning a for profit thing which is also in bed with Microsoft and the waters are basically very dirty...

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

#25
post #4

On the one hand I'm happy they're doing well. On the other I'm very much worried that floating the stock will make it plaything of people who couldn't care less about what the Raspberry Pi and the people behind it stand for, they're just going to use the stock to make money, or, alternatively, to make trouble. Being a listed company is a source of all kinds of distractions.

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

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

#26
post #16
post #9

To clarify, this is Raspberry Pi Ltd (formerly Raspberry Pi Trading Ltd), a subsidiary of the Raspberry Pi Foundation (the charity). I'm curious how this will affect the foundation's mission, but I guess they are already affected by the outside investments from previous fundraising rounds.

For an example of the long-term effects on mission, you can study Kellogg’s (the cereal company) which has been a for-profit public company (Kellogg Company), with a trust as the majority shareholder (W.K Kellogg Foundation Trust), and sending profits to to a non-profit charitable organization (W.K. Kellogg Foundation) since 1934.

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

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

#27
post #4

On the one hand I'm happy they're doing well. On the other I'm very much worried that floating the stock will make it plaything of people who couldn't care less about what the Raspberry Pi and the people behind it stand for, they're just going to use the stock to make money, or, alternatively, to make trouble. Being a listed company is a source of all kinds of distractions.

The people behind it evidently “stand for” making the company public, so…

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

#29
post #4

On the one hand I'm happy they're doing well. On the other I'm very much worried that floating the stock will make it plaything of people who couldn't care less about what the Raspberry Pi and the people behind it stand for, they're just going to use the stock to make money, or, alternatively, to make trouble. Being a listed company is a source of all kinds of distractions.

The people behind it evidently “stand for” making the company public, so…

Yes, I'm aware of that. I'm merely wondering whether or not they realize the long term consequences of this move.

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

#30

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?

Yeah... I have major concerns about how significantly this would impact their ostensible goals. What guarantee is there that the newly publicly listed company won't be pressured by stockholders to improve the profit margins by driving up prices and reducing product quality on both the hardware and software fronts.

Don't worry about prices going up and reducing quality, that have been happening since RPi 4
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