Big doubts.
this post was submitted on 31 Jan 2024
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Don’t worry. The people that require ever-increasing profit will be fine with whatever they get even if that’s a negative number! They won’t complain at all! Pinky promise!
My initial reaction was to press X but then I remembered their current focus explicitly ignores education and hobby makers in favor of huge business contracts while pretending to care about education and hobby makers via lip service only so I think we won’t see any change.
This is the best summary I could come up with:
CEO Eben Upton tells Ars that should the IPO happen, it will let Raspberry Pi's not-for-profit side expand by "at least a factor of 2X."
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.
The IPO is "about the foundation," Upton said, with that charitable arm selling some of its majority stake in the business entity to raise funds and expand.
Upton noted that Raspberry Pi, apart from a single retail store, doesn't sell Pis directly but through resellers.
This post was updated at 2:30 pm ET on January 30 to include an Ars interview with Raspberry Pi CEO Eben Upton.
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