224
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 30 Jan 2024
224 points (97.1% liked)
Technology
59415 readers
2634 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
This is the best summary I could come up with:
CEO Eben Upton confirmed in an interview with Bloomberg News that Raspberry Pi had appointed bankers at London firms Peel Hunt and Jefferies to prepare for "when the IPO market reopens."
Raspberry previously raised money from Sony and semiconductor and software design firm ARM, and it sought public investment.
Upton also told The Register that Raspberry Pi "does interesting work and makes money, and I don't think those imperatives are going to change.
Still, news of the potential transformation of Raspberry Pi Ltd from the private arm of the education-minded Raspberry Pi Foundation into a publicly traded company, beholden to profit generation for shareholders, reverberated about the way you'd expect on Reddit, Hacker News, and elsewhere.
The company writes that "profits from the sale of Raspberry Pi computers help fund the Foundation’s educational initiatives."
The UK government's Companies House lists the foundation as having 75 percent ownership of shares and voting rights, with the ability to add or remove directors, though that information was last submitted in 2016.
The original article contains 411 words, the summary contains 168 words. Saved 59%. I'm a bot and I'm open source!