this post was submitted on 31 Jan 2024
7 points (100.0% liked)
Linux and Tech News
2102 readers
1 users here now
This is where all the News about Linux and Linux adjacent things goes. We'll use some of the articles here for the show! You can watch or listen at:
You can also get involved at our forum here on Lemmy:
Or just get the most recent episode of the show here:
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
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.
The original article contains 750 words, the summary contains 141 words. Saved 81%. I'm a bot and I'm open source!